This latest acquisition highlights TORM's commitment to maintaining its leading position in the product tanker industry.
In 2023, TORM achieved a record number of vessel transactions, adding over 20 vessels to its fleet. The new acquisition aligns with TORM's strategic growth plan and underscores its ability to consistently deliver on its commitments.
"We are pleased to announce another partially share-based transaction to acquire vessels," said CEO Jacob Meldgaard. "Since 2021, TORM has utilized this model to expand the fleet, even before the product tankers market surged. This approach demonstrates the strong trust sellers have in our One TORM platform and their confidence in market fundamentals."
The vessels, built at the Tier 1 Korean yard Hyundai Mipo Dockyard between 2014 and 2015, are expected to be delivered in the third and fourth quarters of 2024.