Torm Confirms Tanker Sale

Maritime Activity Reports, Inc.

April 10, 2014

Photo: TORM

Photo: TORM

Torm announced today the confirmation of its March 7, 2014 agreement in principle to sell 13 product tankers to entities controlled by Oaktree Capital Management.

All necessary approvals have now been obtained, the company said, and the agreement has subsequently become unconditional as per the outlined terms and conditions.

torm.com
 

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