17.084999 EUR
0.47
2.68%
Last update Dec 17, 8:56 PM CET
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17.084999
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TORM plc
17.08
0.47
2.68%

Overview

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Description

TORM plc is a leading international shipping company specializing in the ownership and operation of product tankers. Its primary function is the transportation of refined oil products—including gasoline, jet fuel, naphtha, diesel, kerosene, gas oil—as well as certain chemicals, serving refineries and end customers across major global trade routes. With origins dating to 1889 and headquarters in London, TORM has established itself as one of the world’s largest owners and operators in its sector, maintaining a modern and operationally efficient fleet typically ranging from around 80 to 90 vessels. These ships are configured to move energy and clean petroleum products with a focus on responsiveness, reliability, and environmental stewardship. The company operates in two core segments: Tanker—handling the shipment of petroleum products—and Marine Engineering, which is dedicated to developing advanced and green marine technologies. TORM’s strategic fleet deployment covers critical routes such as Trans-Atlantic, Europe to West Africa, the Arabian Gulf to India and Europe, US to Far East, and intra-Asia lanes. Through its integrated business model, TORM ensures market responsiveness, operational efficiency, and safety, supporting its prominent role in the oil and gas midstream sector and global energy supply chains.

About

CEO
Mr. Jacob Balslev Meldgaard
Employees
479
Address
120 Cannon Street
4th Floor
London, EC4N 6AS
Phone
44 79 2049 4853
Website
Instrument type
Common stock
Sector
Energy
Industry
Oil & Gas Midstream
Country
Germany
MIC code
XSTU
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