The Traderszone Network

Published in TZ Latest News 14 November, 2017 by The TZ Newswire Staff

TORM plc interim results for the third quarter of 2017


During the third quarter of 2017, TORM achieved competitive blended freight rates of USD/day 14,290, a satisfactory result considering that the freight market in general was weak for most of the quarter. Towards the end of the quarter, the market was affected by the hurricane Harvey and refinery disruptions in Mexico which briefly lifted Atlantic MR rates and had an even more sustained effect on Far East MR rates with increasing transport distances towards the Americas.

read more