Headquartered in 120 Cannon Street, London Fiscal year ends December NASDAQ: TRMD torm.com
TORM PLC is a product tanker company operating a fleet of 97 vessels as of June 30, 2026, comprising LR2, LR1, and MR tankers. The company transports refined oil products globally, including clean petroleum products such as gasoline, jet fuel, and diesel. TORM's revenue is primarily driven by time charter equivalent (TCE) freight rates in the product tanker market, which are heavily influenced by global oil trade flows, geopolitical events, and refinery activity. The company is incorporated in England and Wales and is listed on both Nasdaq Copenhagen and Nasdaq New York. TORM actively manages its fleet through a combination of secondhand vessel acquisitions, newbuilding orders, and selective divestments to maintain fleet quality and competitiveness. The company also employs derivative financial instruments including forward freight agreements and bunker swaps to manage market exposure. TORM operates two reportable segments: Tanker (the primary segment) and Marine Engineering. Updated
NVIDIA is sending shareholders $6.04 billion in cash, at 25 cents a share, with the money arriving October 1. Kaspi.kz is next at roughly $408 million, followed by TORM's $246 million payment.
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TORM PLC is a product tanker company operating a fleet of 97 vessels as of June 30, 2026, comprising LR2, LR1, and MR tankers. The company transports refined oil products globally, including clean petroleum products such as gasoline, jet fuel, and diesel.
24/7 Wall St.'s 12-month price target for TRMD is $46.46, rated Buy. The Wall Street consensus target is $41.50. TRMD price prediction →
