Denmark: Torm posted losses in Q2 201717.08.2017 Denmark: Torm posted losses in Q2 2017
Jylland-Posten, 17 Aug 2017, 41:-
Danish tanker shipping company Torm posted a loss of USD 1.50mn (EUR 1.27mn) in Q2 2017 compared with a USD 15.2mn in Q2 2016. In H1 2017, however, Torm posted a USD 3mn profit compared with USD 46.6mn in H1 2016. CEO CEO Jacob Meldgaard says the company's strong capital structure has made it possible for the company to make use of growth opportunities. The company has bought a total of six vessels during the summer.