TORM plc operates a global product tanker fleet that transports refined oil products, including gasoline, jet fuel, naphtha and diesel. Company news commonly covers fleet and shipping-market disclosures alongside governance actions for an issuer whose A-shares trade on Nasdaq Copenhagen and Nasdaq New York.
Recurring updates include annual general meeting notices and voting results, dividend and capital-return policy references, share-capital increases tied to Restricted Share Units, long-term incentive program grants, director and executive securities transactions, and major-shareholder announcements under Danish capital-market rules.
TORM (TRMD) reported third-quarter 2026 net profit of USD 199m, alongside a higher dividend and raised full-year guidance floors. Profit compared with USD 78m a year earlier; basic earnings per share rose to USD 1.94 from USD 0.79. Time charter equivalent earnings, a shipping earnings measure, reached USD 353m versus USD 236m, while EBITDA rose to USD 274m from USD 152m.
The quarterly dividend increased to USD 1.35 per share from USD 0.62, payable on 02 December 2026. TORM expects full-year shipping earnings of USD 1,750–1,900m and EBITDA of USD 1,350–1,500m, raising each lower bound by USD 50m. It exercised options for two additional MR newbuildings and, after quarter-end, agreed to eight LR2 newbuildings through a 50/50 joint venture. As of 28 October, 88% of full-year earning days were fixed; 4,060 days remained open to market fluctuations.
TORM (TRMD) has raised its full-year 2026 earnings guidance, citing current freight coverage and expectations for continued fourth-quarter market strength.
The company now expects TCE (time charter equivalent earnings) of USD 1,700–1,900m, versus previous guidance of USD 1,400–1,600m. Expected EBITDA (earnings before interest, taxes, depreciation and amortization) is USD 1,300–1,500m, up from USD 1,000–1,200m. TORM attributes the upgrade to better earnings visibility supported by forward freight coverage and favorable product tanker market conditions. It expects to publish third-quarter 2026 results on 4 November 2026.
TORM (TRMD) announced that Christopher Boehringer has stepped down from its Board of Directors with immediate effect following Oaktree's ownership exit. Oaktree Capital Management and its affiliates no longer hold an ownership interest in TORM. Boehringer joined the Board in 2015.
The Board now comprises Simon Mackenzie Smith as Chair, Annette Malm Justad, Göran Trapp, Jann Brown, and Jacob Meldgaard.
TORM (TRMD) announced that OCM Njord Holdings, known as Njord Luxco, no longer held any shares or voting rights as of 6 October 2026.
Njord Luxco is jointly controlled by OCM Luxembourg Opps IX and OCM Luxembourg Opps IX (Parallel II), which are ultimately controlled by Brookfield Corporation.
TORM (TRMD) announced the closing of a secondary public offering of 6,329,874 Class A common shares by OCM Njord Holdings. The selling shareholder, indirectly owned by funds indirectly managed by Oaktree Capital Management GP and its affiliates, no longer beneficially owns any TORM Class A common shares. TORM received no proceeds from the offering. J.P. Morgan Securities acted as sole underwriter.
TORM (TRMD) increased its share capital by 61,105 Class A shares following exercises under its restricted share unit incentive program. Restricted share units are rights to receive shares. Of the new shares, 57,772 were subscribed for in cash at DKK 179.80 each and 3,333 at DKK 124.20 each. The issuance increased nominal capital by USD 611.05, bringing total share capital to USD 1,027,118.82, divided into 102,711,882 Class A shares.
TORM (TRMD) announced pricing of a secondary public offering of 6,329,874 Class A common shares by OCM Njord Holdings.
Gross proceeds to the selling shareholder are approximately U.S. $253,500,000. The offering is expected to close on October 7, 2026. OCM Njord Holdings, indirectly owned by funds indirectly managed by Oaktree Capital Management GP and its affiliates, beneficially owns approximately 6% of TORM's Class A common shares before the offering. TORM is not selling any shares and will receive no proceeds from the sale. J.P. Morgan Securities is the sole underwriter.
TORM (TRMD) announced a secondary public offering of 6,329,874 Class A common shares by selling shareholder OCM Njord Holdings.
The selling shareholder, indirectly owned by funds indirectly managed by Oaktree Capital Management GP and its affiliates, beneficially owns approximately 6% of TORM's Class A common shares before the offering. TORM is not selling shares and will receive no proceeds. J.P. Morgan Securities is the sole underwriter and intends to offer the shares at a fixed price that may change at any time without notice. The offering is subject to market and other conditions; completion and timing are not assured.
TORM (TRMD) reported CEO and Executive Director Jacob Balslev Meldgaard’s restricted share unit exercise involving 85,067 shares on September 24, 2026. The reported price was DKK 179.80 per share, with an aggregate price of DKK 15,295,046.60. The report was an initial notification.
TORM (TRMD) disclosed that OCM Njord Holdings held 6,329,874 A shares as of September 23, 2026.
The holding represented 6.17% of TORM's total share capital and voting rights. OCM Njord Holdings is jointly controlled by OCM Luxembourg Opps IX and OCM Luxembourg Opps IX (Parallel II), with Brookfield Corporation as ultimate controller.