|Public (Nasdaq Copenhagen: TORM,NASDAQ: TRMD)|
|Jacob Meldgaard CEO,|
|Revenue||819 million USD (2007)|
|205 million USD (2007)|
|792 million USD (2007) |
|Subsidiaries||OMI Corporation (With Teekay Corporation)|
TORM based in Copenhagen, Denmark, is a shipping company that owns and operates product tankers. The Company's product tankers carry refined oil products such as gasoline, jet fuel, naphtha and diesel oil.
The company was formerly composed of tanker and bulk carrier divisions with product tanker activity accounting for the majority of the business. The last two bulk carriers were divested in 2015.
The company operates approximately 80 vessels.
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 new buildings. TORM will also take over OMI’s technical operations in India and a part of OMI’s organisation in the US.
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