TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, naphtha, and diesel. As of March 1, 2021, it operated a fleet of approximately 80 vessels. The company was founded in 1889 and is based in London, the United Kingdom.
IPO Year:
Exchange: NASDAQ
Website: torm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/12/2022 | $14.00 | Buy | H.C. Wainwright |
6-K - TORM plc (0001655891) (Filer)
SCHEDULE 13D/A - TORM plc (0001655891) (Subject)
6-K - TORM plc (0001655891) (Filer)
6-K - TORM plc (0001655891) (Filer)
6-K - TORM plc (0001655891) (Filer)
6-K - TORM plc (0001655891) (Filer)
SCHEDULE 13D/A - TORM plc (0001655891) (Subject)
6-K - TORM plc (0001655891) (Filer)
SCHEDULE 13D/A - TORM plc (0001655891) (Subject)
6-K - TORM plc (0001655891) (Filer)
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Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, LPG ShippingJoin the Live (Zoom) Discussions on December 2nd, 10th, 11th, & 16th, 2025 Container Shipping Sector: Tuesday, December 2, 2025, at 9:30 AM ETLPG Shipping Sector: Wednesday, December 10, 2025, at 9:30 AM ETProduct Tanker Sector: Wednesday, December 10, 2025, at 11:00 AM ETLNG Shipping Sector: Thursday, December 11, 2025, at 9:30 AM ETDry Bulk Shipping Sector: Thursday, December 11, 2025, at 11:00 AM ETCrude Tanker Shipping Sector: Tuesday, December 16, 2025, at 9:30 AM ET NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Capital Link invites you to join its December 2025 Shipping Sectors Webinar Series, featuring senior execut
HELLERUP, Denmark, Nov. 14, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) (NASDAQ:TRMD) has increased its share capital by 970,646 A-shares (corresponding to a nominal value of USD 9,706.46) as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). Hereof 963,146 new shares are subscribed for in cash at DKK 0.07 per A-share and 7,500 new shares are subscribed for in cash at DKK 140.2 per share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any
HELLERUP, Denmark, Nov. 14, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) (NASDAQ:TRMD) has been notified of the following transaction in TORM plc securities: Details of the reporting person / closely associated person Name Jacob Balslev Meldgaard Reason for the notification Position/status CEO/Executive Director Initial notification/Amendment Initial notification Details of the issuer Name TORM plc LEI code 213800VL1H1ABVM1ZF63 Details of the transaction(s) Description of the financial instrument Identification code Shares (ISIN: GB00BZ3CNK81) Nature of the transaction Exercise of restricted share units Price(s) and volume(s) Price(s) Volume(s) DKK 0.07/share DKK 140.2/share DKK 0.07/shar
HELLERUP, Denmark, Nov. 12, 2025 /PRNewswire/ -- TORM plc's TORM plc ("TORM") (NASDAQ:TRMD) (NASDAQ:TRMD) has increased its share capital by a total of 2,395,426 shares (corresponding to USD 23,954.26) in connection with delivery of one LR2 vessel and exercise of Restricted Share Units as part of TORM's incentive program. With reference to Company Announcement no. 22 dated 06 November 2025 where TORM plc ("TORM") announced the acquisition of one 2010-built LR2 vessel, TORM plc has increased its share capital by 748,569 shares (corresponding to USD 7,485.69) as a result of the delivery of the vessel. The new shares relate to the settlement of a USD 17.0m allocated loan note issued in connect
HELLERUP, Denmark, Nov. 6, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered its strongest quarterly result so far in 2025, demonstrating the strength of our integrated operating model and the people behind it," says Jacob Meldgaard, adding: "We continue to deliver market-leading performance and create long-term value for our shareholders." Financial Results In the third quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 236.4m including unrealized losses on derivatives of USD 7.3m (2024, same period: USD 263.4m including unrealized gains on derivatives of USD 0.8m). Adjusted EBITDA for the Group totaled USD 159.4m (2024, same
HELLERUP, Denmark, Sept. 23, 2025 /PRNewswire/ -- In accordance with TORM plc's ("TORM", Nasdaq ticker TRMD or TRMD A) Remuneration Policy adopted by the Annual General Meeting of TORM on 14 April 2021 and the authorization granted at the Annual General Meeting of TORM on 11 April 2024, the Board of Directors have extraordinarily decided to grant certain employees ("Participants to the Additional Retention Program") and Executive Director Jacob Meldgaard (together with the Participants to the Additional Retention Program the "Participants") restricted share units ("RSUs") in the form of restricted stock options. The Participants to the Additional Retention Program will be granted a total of
HELLERUP, Denmark, Sept. 3, 2025 /PRNewswire/ -- TORM plc ("TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) has today been informed of the announcement (the Announcement) by Hafnia Limited ("Hafnia"), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM's issued share capital (the Share Purchase). The A shares are priced at USD 22 per share for a total purchase price of USD 311,433,342. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of cus
HELLERUP, Denmark, Aug. 14, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty," says Jacob Meldgaard, adding: "We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance." Financial Results In the second quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 208.2m including unrealized losses on derivatives of USD -2.2m (2024, same period: USD 325.9m including unrealized losses on derivatives of USD 0.0m). Adjusted EBITDA totaled USD 129.0m (2024, same period
HELLERUP, Denmark, June 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 11,236 A-shares (corresponding to a nominal value of USD 112.36) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable U.S. securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other r
HELLERUP, Denmark, June 3, 2025 /PRNewswire/ -- TORM (NASDAQ:TRMD) expands its environmental and technical capabilities by acquiring full ownership of ME Production, a Danish specialist in advanced marine and energy equipment. Longstanding Partnership Becomes Full Ownership TORM A/S has acquired the remaining 25% ownership stake in ME Production (MEP) from founder and CEO Jens Peter Faldt. MEP is a Danish industrial engineering company with a proven record in green maritime equipment. This expansion follows TORM's initial acquisition of a 75% ownership stake in 2022, and now TORM has full ownership of MEP. The two companies have maintained a close, productive collaboration since 2018, when
H.C. Wainwright initiated coverage of TORM plc with a rating of Buy and set a new price target of $14.00
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HELLERUP, Denmark, Sept. 3, 2025 /PRNewswire/ -- TORM plc ("TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) has today been informed of the announcement (the Announcement) by Hafnia Limited ("Hafnia"), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM's issued share capital (the Share Purchase). The A shares are priced at USD 22 per share for a total purchase price of USD 311,433,342. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of cus
HELLERUP, Denmark, June 3, 2025 /PRNewswire/ -- TORM (NASDAQ:TRMD) expands its environmental and technical capabilities by acquiring full ownership of ME Production, a Danish specialist in advanced marine and energy equipment. Longstanding Partnership Becomes Full Ownership TORM A/S has acquired the remaining 25% ownership stake in ME Production (MEP) from founder and CEO Jens Peter Faldt. MEP is a Danish industrial engineering company with a proven record in green maritime equipment. This expansion follows TORM's initial acquisition of a 75% ownership stake in 2022, and now TORM has full ownership of MEP. The two companies have maintained a close, productive collaboration since 2018, when
HELLERUP, Denmark, March 17, 2025 /PRNewswire/ -- Please find enclosed formal notice of, and full details of the business to be proposed at, the Annual General Meeting ("AGM") of TORM plc to be held at noon (London time) on Wednesday, 16 April 2025. Contacts:Christopher H. Boehringer, Chairman, tel.: +45 3917 9200Jacob Meldgaard, Chief Executive Officer and Executive Director, tel.: +45 3917 9200Christopher Everard, General Manager, tel.: +44 7920 494 853Kim Balle, Chief Financial Officer, tel.: +45 3917 9200 About TORM TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of approximately 90 product tanker vessels with a strong commitment to safety, en
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HELLERUP, Denmark, Nov. 14, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) (NASDAQ:TRMD) has increased its share capital by 970,646 A-shares (corresponding to a nominal value of USD 9,706.46) as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). Hereof 963,146 new shares are subscribed for in cash at DKK 0.07 per A-share and 7,500 new shares are subscribed for in cash at DKK 140.2 per share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any
HELLERUP, Denmark, Nov. 12, 2025 /PRNewswire/ -- TORM plc's TORM plc ("TORM") (NASDAQ:TRMD) (NASDAQ:TRMD) has increased its share capital by a total of 2,395,426 shares (corresponding to USD 23,954.26) in connection with delivery of one LR2 vessel and exercise of Restricted Share Units as part of TORM's incentive program. With reference to Company Announcement no. 22 dated 06 November 2025 where TORM plc ("TORM") announced the acquisition of one 2010-built LR2 vessel, TORM plc has increased its share capital by 748,569 shares (corresponding to USD 7,485.69) as a result of the delivery of the vessel. The new shares relate to the settlement of a USD 17.0m allocated loan note issued in connect
HELLERUP, Denmark, Nov. 6, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered its strongest quarterly result so far in 2025, demonstrating the strength of our integrated operating model and the people behind it," says Jacob Meldgaard, adding: "We continue to deliver market-leading performance and create long-term value for our shareholders." Financial Results In the third quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 236.4m including unrealized losses on derivatives of USD 7.3m (2024, same period: USD 263.4m including unrealized gains on derivatives of USD 0.8m). Adjusted EBITDA for the Group totaled USD 159.4m (2024, same
HELLERUP, Denmark, Sept. 23, 2025 /PRNewswire/ -- In accordance with TORM plc's ("TORM", Nasdaq ticker TRMD or TRMD A) Remuneration Policy adopted by the Annual General Meeting of TORM on 14 April 2021 and the authorization granted at the Annual General Meeting of TORM on 11 April 2024, the Board of Directors have extraordinarily decided to grant certain employees ("Participants to the Additional Retention Program") and Executive Director Jacob Meldgaard (together with the Participants to the Additional Retention Program the "Participants") restricted share units ("RSUs") in the form of restricted stock options. The Participants to the Additional Retention Program will be granted a total of
HELLERUP, Denmark, Aug. 14, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty," says Jacob Meldgaard, adding: "We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance." Financial Results In the second quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 208.2m including unrealized losses on derivatives of USD -2.2m (2024, same period: USD 325.9m including unrealized losses on derivatives of USD 0.0m). Adjusted EBITDA totaled USD 129.0m (2024, same period
HELLERUP, Denmark, June 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 11,236 A-shares (corresponding to a nominal value of USD 112.36) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable U.S. securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other r
HELLERUP, Denmark, May 19, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 151,581 A-shares (corresponding to a nominal value of USD 1,515.81) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other
HELLERUP, Denmark, April 28, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 18,769 A-shares (corresponding to a nominal value of USD 187.69) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other r
HELLERUP, Denmark, April 11, 2025 /PRNewswire/ -- Following exercise of 365,096 original RSUs granted in the 2022 Long Term Incentive Program and the 2023 Retention Program, the Board of Directors has decided to grant certain employees ('Participants') adjustment RSUs to reflect the payment of dividend since the relevant grant date. The Participants will be granted a total of 148,027 RSUs in the form of restricted stock options. These adjustment RSUs will not be subject to further dividend adjustment and will have to be exercised within the same exercise window as they were issued. They will have a strike price of one U.S. cent. In addition, the Board of Directors has as part of a long-term
HELLERUP, Denmark, April 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD-A) ) has increased its share capital by 12,406 A-shares (corresponding to a nominal value of USD 124.06) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and ot
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SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)