Torm

Read the latest TORM One-pager update following the Q3 2025 results. The One-pager includes a brief description of TORM, an update on the product tanker market, the latest financials, and valuation perspectives relative to peers. It also outlines several key investment risks and key investment reasons.

Read the latest TORM One-pager update following the Q2 2025 results. The One-pager includes a brief description of TORM, an update on the product tanker market, the latest financials, and valuation perspectives relative to peers. It also outlines several key investment risks and key investment reasons. TORM delivered solid Q2 2025 results in a normalized but resilient freight market. TCE earnings came in at USD 208 million and adjusted EBITDA at USD 129 million, compared to exceptionally strong levels a year ago. Net profit was USD 59 million, translating into an ROIC of 10%. Freight rates held steady during the quarter, supported by strong US exports and recovering East-West trade, despite continued disruptions in the Red Sea and geopolitical tensions in the Middle East.

Shipping has been in focus this week, driven by tariffs, geopolitics, and OPEC+. On Saturday, OPEC+ raised the cartel’s production caps by a further 548,000 barrels per day (b/d), restoring around 1.9 million b/d of the 2.2 million b/d cuts made in 2023, and giving a lift to tanker and product tanker companies. 

Read the latest TORM One-pager update following the Q1 2025 results. The One-pager includes a brief description of TORM, an update on the product tanker market, the latest financials, and valuation perspectives relative to peers. It also outlines several key investment risks and key investment reasons.