Port News

Torm buys eight MRs from Team Tankers in cash plus shares deal

Denmark’s Torm is buying eight Croatian-built MR tankers from Team Tankers, paying for the ships with $82.5m in cash and the issuance of 5.97m shares. The transaction takes the Torm fleet to 83 vessels. The ships are the the Team Amorina, Team Allegro, Team Corrido, Team Cavatina, Team Leader, Team Discoverer, Team Voyager and Team …

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