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TORM PLC operates in the Energy sector, within the Oil, Gas & Consumable Fuels industry, and was founded in 1889 in Denmark. Headquartered in London, United Kingdom, the company specializes in the marine transportation of refined petroleum products, operating a fleet of tankers that serve refineries, trading companies, and energy-sector clients. The company is currently led by CEO Jacob Meldgaard and is subject to global maritime and oil transportation regulations.
TORM’s business model is centered on the operation, maintenance, and management of vessels dedicated to transporting refined petroleum products. The company ships gasoline, diesel, jet fuel, and other oil derivatives, providing logistical and distribution solutions to the global energy industry.
With a global presence, TORM operates in key markets across Europe, North America, South America, Asia, and the Middle East, linking refineries to end consumers through its fleet. Its vessels include Medium Range (MR) and Long Range (LR) tankers, offering flexibility in transporting various cargo types and volumes.
The company’s competitiveness is influenced by factors such as the demand for refined fuels, oil price fluctuations, environmental policies, and maritime regulatory standards. To maintain its position in a dynamic market, TORM continuously invests in fleet modernization and adopts sustainable practices aimed at reducing the environmental impact of fuel transportation by sea.
TORM’s operational infrastructure includes port terminals, maritime operations centers, and administrative offices, supported by a workforce of approximately 477 employees and a fleet composed of dozens of specialized petroleum product tankers.
History and Foundation of TORM PLC
TORM PLC was founded in 1889 in Denmark by Ditlev Torm, with the initial purpose of operating steamships for general cargo transport. In its early years, the company focused on regional maritime trade, but over the following decades, it expanded into the transportation of refined petroleum products, becoming one of the leading players in the global tanker industry.
Key milestones in the company’s history include:
1970–1980: Expansion of the fleet to include specialized oil tankers, aligned with the global rise in demand for refined fuel products.
2000–2010: Fleet modernization and increased transport capacity to serve refineries and trading firms in emerging markets.
2016: Corporate restructuring and expansion of global operations, strengthening its position in the refined products shipping segment.
2020–2024: Investments in energy efficiency, carbon emission reduction, and maritime logistics optimization technologies, in response to tightening environmental regulations.
Today, TORM PLC continues to reinforce its status as a leading global operator in refined fuel shipping, with a strong focus on sustainability, innovation, and operational excellence to meet global energy demand safely and efficiently.
Additional Information
The Company TORM PLC (United States), is listed on Nasdaq with a market cap of $ 2.14 Billions, having an equity of $ 2.15 Billions.
With a total of 477 employees, the company is listed in the sector of Energy and categorized in industry of Oil, Gas and Consumable Fuels.
In the last 12 months the Company had a revenue of $ 1.29 Billion, which generated a profit in the amount of $ 276.80 Millions.
As for its main indicators, the Company has a P/E ratio of 7.74, a P/BV ratio of 1.00 and in the last 12 months the dividend yield of TRMD was at 11.89%.
The Company is traded internationally through the ticker TRMD.
