Capital and freight market conditions are delaying Torm’s plans to float on the New York Stock Exchange with the Danish owner ready to list when a window opens.
Oaktree-backed Torm has been targeting a 2016 US listing to add to its position on the Nasdaq Copenhagen.
Jacob Meldgaard, chief executive of Torm, told TradeWinds: “It definitely remains on the to-do list.
“We need to see a market both in terms of US IPOs and also our own sector having more positive than negative news.
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