Torm secures MR tanker resales ahead of long queue for newbuilds
- Torm chief executive Jacob Meldgaard confirms six product tanker newbuildings via a resale agreement that enable earlier delivery
- Three vessels are due in early 2027 and the remaining three by the first quarter of 2028, compared with typical newbuilding lead times stretching to 2029
- Meldgaard said the resale structure reduces risk exposure by shortening the capital commitment period while still giving Torm access to new tonnage
Torm chief executive Jacob Meldgaard stressed the company’s focus remains on shareholder value and long-term competitiveness, rather than simply increasing fleet size
