Tag: Torm

On 15 July 2024, TORM entered into an agreement to acquire eight second-hand MR vessels that are expected to be delivered later this year, increasing the fleet size to 96 vessels. 

Together, Hilo, TORM, and audEERING have been working on a Safetytech Accelerator pilot to measure the effect organizational drivers and modifications to the living/working environment have on the mental health of seafarers.

TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels for a total cash consideration of USD 48.5m and the issuance of 1.42 million shares. The transaction will increase TORM’s total fleet to 88 vessels on a fully delivered basis.

When Green-Jakobsen prepared the Junior Officer leadership course for TORM, they based it on the Senior Officer leadership courses which have been core in TORM’s leadership development for a number of years. The course was structured to include Preparation, Facilitation and Application. 

Green-Jakobsen and TORM have worked together for many years. Among other things Green-Jakobsen has provided as series of leadership courses over a number of years to both Senior and Junior Officers.

TORM, a shipping company that owns and operates product tankers and is based in Copenhagen, Denmark, sets out to achieve a 40% CO2 emission reduction by 2025.

TORM informed that as seen across the entire industry, the company has experienced some delays in recent scrubber installations. For this reason it decided to postpone some installations to the first and the second quarter of 2020, in order to reduce the risk of further delays, and also to use the current strong market.

The danish shipping company TORM established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International, to manufacture scrubbers to reduce sulphur emissions in respect of the IMO 2020 limit. TORM will hold an ownership stake of 27.5% in the new joint venture.

TORM Sofia succeeded in deterring a suspicious approach to the vessel by a group of pirates in the Gulf of Aden, the Arabian Sea. There were no injuries to crew, vessel, environment or cargo

TORM chooses Transas Marine Dual ECDIS