Torm takes over 13 leaseback tankers as it sheds older tonnage

Danish product tanker player Torm is expanding its owned fleet significantly after exercising purchase options on 13 ships previously under sale-and-leaseback deals. The Copenhagen- and New York-listed firm said the move is part of its ongoing capital and loan management strategy. The first four ships -LR2 tankers Torm Herdis, Torm Hellerup, Torm Hannah, and Torm …

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