IN PROFILE
Tankers post-pandemic Torm’s CEO discusses what will drive the markets and his own company in the coming 12 months
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orwegian pure play product tanker company Torm, is continuously looking to maintain and renew its fleet as the company rides through significant volatilities in the market. Jacob Meldgaard, CEO of Torm, has noticed that after the initial stock building period, which was characterized by increased long-haul trade,
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floating storage and inefficient trade patterns, the market has entered into the stock drawing period, which poses headwinds to the product tanker market as local inventories are replacing some of the trade. “This includes drawing from both onshore and offshore inventories, whereas the latter is, to a large extent, done now with most of the vessels
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We are continuously looking to maintain and renew our fleet in the most profitable manner
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maritime ceo
