Torm signs for eight LR2 tanker newbuildings through 50:50 joint venture
Denmark's Torm has agreed contracts for eight LR2 newbuildings under a 50:50 joint venture, disclosed in its third-quarter results.
Danish product tanker operator Torm has stepped up fleet expansion with agreements covering eight LR2 newbuildings through a 50:50 joint venture.
The company disclosed the contracts in its third-quarter results, confirming the agreements were signed after the end of September.
Torm has not identified its joint venture partner.
The Copenhagen- and New York-listed owner's latest contracts add to its fleet renewal and growth activity.
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