Denmark’s Torm reported a sharp rise in second-quarter profits on Thursday on the back of surging rates as the world emerges from Covid-19 lockdowns.
The company reported profits of $106.6m, up from $2.1m for the same period in 2021, as the product tanker owner benefits from rates doubling owing to stronger energy demands and the upheaval in trading routes following the Russian invasion of Ukraine.
Denmark’s Torm in the black as it sells oldest vessels & Latest News Update
Denmark’s Torm in the black as it sells oldest vessels & More Live News
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Denmark’s Torm in the black as it sells oldest vessels & More News Today
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