A/S Dampskibsselskabet TORM or TORM , based in Copenhagen, Denmark, is a shipping company that owns and operates product tankers and bulk carriers. TORM's company's tankers carry refined oil products such as gasoline, jet fuel, naphtha and diesel oil. The company's dry bulk vessels carries commodies such as coal, iron ore and grain.
TORM’s bulk carrier division focuses mainly on the Panamax bulk carrier sector, carrying various bulk commodities, but principally grain, coal and iron ore. The division is also engaged in the Handysize bulk carrier segment.
The company operates approximately 115 vessels as of 2007, including some of the most modern and well-equipped ships afloat.
On 8 June 2007, A/S Dampskibsselskabet TORM (TORM) announced that TORM and TeekayCorporation (TEEKAY) had completed the acquisition of OMI Corporation (OMI), whereby OMI became a jointly owned subsidiary of TORM and TEEKAY. TORM will consequently with effect from 1 August 2007 take over 24 product tankers from OMI, leaving TORM’s fleet at 85 vessels excluding newbuildings. TORM will also take over OMI’stechnical operations in India and a part of OMI’s organisation in the US.
A/S Dampskibsselskabet TORM reports decline in nine-month earnings.(Danish shipping company)(first nine months of 2001)(Brief Article)
Nov 12, 2002; NORDIC BUSINESS REPORT-12 November 2002-A/S Dampskibsselskabet TORM reports decline in nine-month earnings (C)1994-2002 M2...
A/S Dampskibsselskabet TORM places order for two new vessels.(from Dalian New Shipbuilding Ltd.)(Brief Article)
Jun 25, 2003; NORDIC BUSINESS REPORT-25 June 2003-A/S Dampskibsselskabet TORM places order for two new vessels(C)1994-2003 M2 COMMUNICATIONS...