Torm has an increased appetite for growth amid weakening products tanker asset values.
Copenhagen-listed Torm has secured a new $30m loan facility and has further unencumbered assets that could be used to raise further cash.
Jacob Meldgaard, chief executive of Torm, explained the company had added to the Danish Ship Finance facility as “we like to be well prepared”.
“This is a very interesting market where we feel we are doing well,” he explained in an interview today.
