TORM Plc engages in the business of transporting clean and dirty petroleum products. The firm owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Engineering segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. Its wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. The company is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Elise, TORM India, TORM Lilly, among others.
Follow-Up Questions
Who is the CEO of Torm PLC?
Mr. Jacob Meldgaard is the Chief Executive Officer of Torm PLC, joining the firm since 2015.
What is the price performance of TRMD stock?
The current price of TRMD is $21.16, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Torm PLC?
Torm PLC belongs to Energy industry and the sector is Energy
What is Torm PLC market cap?
Torm PLC's current market cap is $2.0B
Is Torm PLC a buy, sell, or hold?
According to wall street analysts, 7 analysts have made analyst ratings for Torm PLC, including 2 strong buy, 4 buy, 3 hold, 0 sell, and 2 strong sell
