TORM plc
TORM transports primarily refined oil products, including gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products such as fuel oil and crude oil. Its Tanker segment operates LR1, LR2 and MR product tankers as a combined fleet, mainly in the spot market, serving customers including major and state-owned oil companies and international trading houses. TORM earns money by charging customers for transportation and through time-charter contracts. It also has a controlling interest in Marine Exhaust Technology (Hong Kong) Ltd., a joint venture that develops and produces marine equipment and provides marine engineering services, including equipment installation. TORM operates owned and chartered-in vessels and manages their commercial operations, as well as the technical management of its owned vessels except for three. It has 93 owned or chartered-in vessels. TORM plc is registered in London, United Kingdom, and its main commercial and technical activities are managed from an office in Hellerup, Denmark.
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See all $TRMD insider activity →TORM plc reported Q3 2026 net profit of $199M, up from $78M a year earlier. TCE earnings rose to $353M from $236M. The company raised 2026 TCE guidance to $1,750M–$1,900M and EBITDA guidance to $1,350M–$1,500M, and declared a $1.35-per-share interim dividend.
TORM, an oil-products carrier, raised its 2026 earnings guidance to up to $1.5B in EBITDA, citing strong market conditions and execution. CEO Jacob Meldgaard attributed the upgrade to favorable market trends and the company's performance. TORM expects to release Q3 2026 results on November 4, 2026. The company's shares are listed on Nasdaq in Copenhagen and New York (NASDAQ: TRMD).
TORM plc (NASDAQ: TRMD, TRMD A) announced Christopher Boehringer's departure from its Board of Directors. Boehringer, who joined in 2015, stepped down after Oaktree Capital Management no longer held an ownership interest in the company. The Board thanked him for his contributions. TORM operates a fleet of product tanker vessels and is listed on Nasdaq in Copenhagen and New York.
Over the past 7 days, AlphAI's AI scored 7 news stories mentioning TRMD (TORM plc). Coverage has been balanced: 1 bullish, 5 neutral, and 1 bearish.
Recent TRMD coverage spans corporate actions, earnings and financial news.
TORM plc reported Q3 2026 net profit of $199M, up from $78M a year earlier. TCE earnings rose to $353M from $236M. The company raised 2026 TCE guidance to $1,750M–$1,900M and EBITDA guidance to $1,350M–$1,500M, and declared a $1.35-per-share interim dividend.
Guidance upgrade signals higher earnings than previously expected.
Potential short-term pressure as investors reassess board stability and ownership changes.
The loss of a major shareholder may be viewed as a negative signal, potentially pressuring the stock.
The modest share issuance may cause slight dilution pressure on the stock.
AlphAI scores every news story that mentions TRMD with an AI model for sentiment and relevance, and aggregates insider trades from TORM plc's SEC EDGAR Form 4 filings. Figures refresh continuously.
TORM plc reported Q3 2026 net profit of $199M, up from $78M a year earlier. TCE earnings rose to $353M from $236M. The company raised 2026 TCE guidance to $1,750M–$1,900M and EBITDA guidance to $1,350M–$1,500M, and declared a $1.35-per-share interim dividend.
1 min readTORM, an oil-products carrier, raised its 2026 earnings guidance to up to $1.5B in EBITDA, citing strong market conditions and execution. CEO Jacob Meldgaard attributed the upgrade to favorable market trends and the company's performance. TORM expects to release Q3 2026 results on November 4, 2026. The company's shares are listed on Nasdaq in Copenhagen and New York (NASDAQ: TRMD).
2 min readTORM plc (NASDAQ: TRMD, TRMD A) announced Christopher Boehringer's departure from its Board of Directors. Boehringer, who joined in 2015, stepped down after Oaktree Capital Management no longer held an ownership interest in the company. The Board thanked him for his contributions. TORM operates a fleet of product tanker vessels and is listed on Nasdaq in Copenhagen and New York.
2 min readTORM plc (NASDAQ: TRMD) announced that OCM Njord Holdings S.à r.l., controlled by Brookfield Corporation, no longer holds any shares or voting rights in the company as of October 6, 2026. TORM operates a fleet of product tanker vessels and is listed on Nasdaq in Copenhagen and New York.
1 min readTORM plc (TRMD, TRMD A) increased its share capital by 61,105 Class A shares, issued at DKK 179.80 and DKK 124.20, due to RSU exercises. New shares are tradable on Nasdaq Copenhagen. Total share capital now USD 1,027,118.82 with 102,711,882 A-shares.
1 min readTORM plc announced a secondary offering of 6.33 million Class A shares by OCM Njord Holdings, raising $253.5M for the seller. The offering, underwritten by J.P. Morgan, is set to close Oct. 7, 2026. TORM's shares are listed on NASDAQ (TRMD, TRMD A).
1 min readOaktree Capital is selling its remaining $260 million stake in Torm, a shipping company. The sale marks Oaktree's complete exit from its investment in Torm. The buyer and potential impact on Torm's stock are not specified.
1 min readNordic-listed tanker companies' shares rose Monday due to record-high shipping rates. Frontline (FRO) gained 6%, while Hafnia (HAFNI), Capital Tankers (CAPT), and TORM (TRMD) increased 4-6%. Suezmax rates jumped 70% week-on-week, impacting companies' revenue and outlook, according to Danske Bank analyst Bendik Folden Nyttingnes.
2 min readPareto Securities upgraded Torm to 'buy' from 'hold' and raised its target price to DKK 294 from DKK 225. Separately, Fearnley increased its target price to DKK 300 from DKK 245, maintaining a 'buy' rating. Torm's stock has risen 8.77% year-to-date and 93.54% over five days.
1 min readHafnia, led by CEO Soren Steenberg Jensen, has become the largest shareholder in Torm, fueling speculation of a potential merger. Analysts suggest the deal, valued at $8 billion, could create one of the largest listed shipping companies.
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