TORM based in Copenhagen, Denmark, is a shipping company that owns and operates product tankers. The company's product tankers carry refined oil products such as gasoline, jet fuel, naphtha and diesel oil.
History
Torm was founded by Ditlev Torm and Christian Schmiegelow in 1889.[3] The company was listed on the Copenhagen Stock Exchange in 1905. Today, TORM is listed on Nasdaq Copenhagen and NASDAQ in New York.
Operations
The company was formerly composed of tanker and bulk carrier divisions with product tanker activity accounting for the majority of the business. The last two bulk carriers were divested in 2015.
TORM is one of the leading tanker carriers of clean oil products such as gasoline, jet fuel, naphtha and diesel oil and other clean products.
The company operates approximately 80 vessels.[4]