Welcome to our dedicated page for Torm news (Ticker: TRMD), a resource for investors and traders seeking the latest updates and insights on Torm stock.
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.
Hafnia Limited (NYSE:HAFN) has entered into a binding share purchase agreement with Oaktree Capital Management to acquire approximately 14.1 million A shares in TORM plc, representing 14.45% of TORM's issued share capital. The shares are priced at $22 per share, totaling $311.4 million.
The completion of the acquisition is subject to customary conditions, including regulatory approvals and the appointment of a new independent board chair of TORM. Following market speculation, Hafnia acknowledges the potential for a business combination on a net asset value basis (NAV-for-NAV) with TORM, though no formal discussions have taken place yet.
TORM plc (NASDAQ: TRMD) announced that Hafnia Limited will acquire approximately 14.1 million A shares (14.45% of TORM's issued share capital) from Oaktree Capital Management. The transaction is valued at USD 22 per share, totaling USD 311.4 million.
The share purchase completion is subject to several conditions, including regulatory approvals, satisfaction of certain covenants, and the appointment of a new independent board chairman. TORM clarified that it was not involved in the transaction and has no additional information at this time.
Hafnia Limited (NYSE:HAFN) has entered into a preliminary agreement to acquire approximately 14.1 million A shares in TORM plc, representing a 14.45% stake for $311.4 million from Oaktree Capital Management. The acquisition price is set at $22 per share.
The completion of the share purchase is subject to several conditions, including regulatory approvals, satisfaction of certain covenants, and the appointment of a new independent board chair of TORM. While Hafnia views industry consolidation positively, no decisions have been made regarding future transactions, and the company has explicitly stated this will not be structured as an offer under the UK Takeover Code.
Hafnia, as one of the world's leading tanker owners with a fleet of around 200 vessels, sees TORM as a well-managed company with a high-quality fleet, making this a strategic investment in the tanker industry.
TORM plc (NASDAQ: TRMD) reported Q2 2025 financial results with TCE earnings of USD 208.2 million and a net profit of USD 58.7 million, showing a year-over-year decline from Q2 2024's exceptional performance. The company achieved average TCE rates of USD 26,672 per day across its fleet.
TORM declared a quarterly dividend of USD 0.40 per share, representing a 67% payout ratio. The company has also secured financing commitments of up to USD 857 million to refinance existing loans and lease agreements.
Following strong performance and positive outlook, TORM has raised its full-year 2025 guidance, projecting TCE earnings of USD 800-950 million and EBITDA of USD 475-625 million.
TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 151,581 A-shares at a nominal value of USD 1,515.81. This increase results from the exercise of Restricted Share Units as part of the company's incentive program. The new shares were subscribed for in cash at DKK 0.08 per A-share.
Following the capital increase, TORM's total share capital now stands at USD 984,345.66, consisting of 98,434,564 A-shares, one B-share, and one C-share, each with a nominal value of USD 0.01. The A-shares carry a total of 98,434,564 votes, while the B and C shares have specific voting rights. The new shares are expected to be listed on Nasdaq Copenhagen soon.
TORM plc (NASDAQ: TRMD) has reported an insider transaction involving CEO and Executive Director Jacob Balslev Meldgaard. The executive exercised 33,559 restricted share units at a price of DKK 0.08 per share, totaling DKK 2,684.72. The transaction was executed on May 19, 2025, outside a trading venue.
TORM is a leading carrier of refined oil products, operating a fleet of product tanker vessels with a focus on safety and environmental responsibility. The company, founded in 1889, has its shares listed on both Nasdaq Copenhagen and Nasdaq New York.
TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 18,769 A-shares, with a nominal value of USD 187.69, following the exercise of Restricted Share Units as part of its incentive program. The new shares were subscribed for in cash at DKK 0.08 per A-share.
The new ordinary shares will carry standard rights, including dividend eligibility from the issuance date, and are expected to be listed on Nasdaq Copenhagen. Following this capital increase, TORM's total share capital stands at USD 982,829.85, consisting of 98,282,983 A-shares, one B-share, and one C-share, each with a USD 0.01 par value. The A-shares carry 98,282,983 votes, while the B and C shares maintain specific voting rights.