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 (NASDAQ: TRMD) reported record Q2 2026 results, with time charter equivalent earnings (TCE) of USD 512m versus USD 208m a year earlier, EBITDA of USD 416m and net profit of USD 338m, driven by exceptionally high freight rates amid disruptions around the Strait of Hormuz.
Average TCE rose to USD/day 59,301, lifting ROIC to 44.2% and EPS to USD 3.31. The Board approved an interim dividend of USD 2.40 per share (73% payout), totalling about USD 246m, payable 24 September 2026. NAV reached USD 3,737m (USD 36.50 per share).
TORM expanded its fleet to 97 vessels and committed to additional MR resale and newbuilding vessels for deliveries from 2027–2029, with options for 2030. Full‑year 2026 guidance was raised to TCE USD 1,400–1,600m and EBITDA USD 1,000–1,200m, based on current fleet size.
TORM plc (Nasdaq: TRMD, TRMD A) has appointed Jann Brown to its Board of Directors, effective 1 October 2026, following a planned succession process. The company states that the move supports its focus on governance, continuity, and long-term value creation for shareholders.
The Board has also promoted Annette Malm Justad to Senior Independent Director to further enhance governance and shareholder engagement. Brown brings extensive international finance, risk management, strategy, and corporate governance experience from executive and non-executive roles in several sectors.
TORM (NASDAQ: TRMD, TRMD.A) reports a major shareholder change under section 30 of the Danish Capital Markets Act. Oaktree Capital Group Holdings GP has notified TORM that, after a change in the ownership structure of OCM Njord Holdings S.à r.l. (Njord Luxco), Oaktree no longer indirectly holds any shares or voting rights in TORM as of 31 July 2026.
Njord Luxco’s direct holding in TORM is unchanged at 20,329,874 Class A shares of USD 0.01 nominal value, representing 19.86% of TORM’s total share capital and voting rights. Brookfield Corporation has become the ultimate controlling shareholder of Njord Luxco, which remains jointly controlled by OCM Luxembourg Opps IX entities ultimately controlled by Brookfield.
TORM (TRMD) announced a major shareholder disclosure under section 30 of the Danish Capital Markets Act.
Oaktree Capital Group Holdings GP notified that OCM Njord Holdings S.à r.l. holds 20,329,874 TORM shares, representing 19.86% of TORM’s total share capital and voting rights.
TORM (NASDAQ: TRMD) increased its share capital by 28,144 A-shares through the exercise of Restricted Share Units from its incentive program. The new shares were subscribed in cash at prices of DKK 127.30, 139.90 and 195.50 per A-share.
After the capital increase, total share capital is USD 1,023,671.18, divided into 102,367,118 A-shares of nominal USD 0.01 each, with one vote per share. The new shares are ordinary, dividend‑entitled and are expected to be listed on Nasdaq Copenhagen.
TORM (NASDAQ: TRMD, TRMD A) reported insider transactions by CEO and executive director Jacob Balslev Meldgaard. He exercised 170,133 restricted share units in TORM shares (ISIN: GB00BZ3CNK81) on 20 May 2026 for DKK 23,495,361 outside a trading venue.
Meldgaard also sold an aggregated 549,177 shares on Nasdaq Copenhagen on 18 and 20 May 2026 at prices around DKK 205–207 per share, for total proceeds of DKK 112,829,967.
TORM (NASDAQ: TRMD, TRMD A) increased its share capital on May 20, 2026 through the exercise of Restricted Share Units. A total of 215,635 new A-shares were issued with a nominal value of USD 2,156.35.
According to TORM, 14,206 shares were subscribed at DKK 0.07 per share, 85,067 at DKK 131.80, and 116,362 at DKK 144.40. The capital increase was executed without pre-emption rights. After the transaction, share capital totals USD 1,023,389.74, divided into 102,338,974 A-shares of USD 0.01 each.
TORM (NASDAQ: TRMD) reported strong Q1 2026 results driven by high freight rates. Time charter equivalent earnings were USD 286m, EBITDA USD 201m, and net profit USD 122m, with ROIC of 18% and EPS of USD 1.21.
The board approved a USD 0.70 per-share interim dividend (USD 72m, 58% payout) with payment on 11 June 2026. TORM is expanding its fleet toward 103 vessels and upgraded 2026 guidance to TCE of USD 1,150–1,450m and EBITDA of USD 800–1,100m.
TORM plc (A) held its Annual General Meeting on 15 April 2026 where all resolutions were passed on a poll with 52.83% turnout (53,955,672 votes of 102,123,339 eligible).
Notable outcomes: Annual Report approved, auditor reappointed, buyback resolutions passed (Contract A: 99.59% for; Contract B: 73.30% for), and the Board confirmed quarterly dividend policy and a Q4 interim dividend paid 25 March 2026.
The Board noted >20% votes against Resolutions 2, 3 and 12 and will consult shareholders to understand concerns.
TORM plc (NASDAQ: TRMD A) increased share capital by 43,697 A-shares following exercise of Restricted Share Units on March 31, 2026. 10,634 shares were subscribed at DKK 131.80 and 33,063 at DKK 148.70. Post-issue share capital is USD 1,021,233.39 across 102,123,339 A-shares.
New shares are ordinary, carry dividend and voting rights from issuance, and are expected to list on Nasdaq Copenhagen as soon as possible.