Torm has launched its long-awaited US stock listing with plans to get its shares trading on the Nasdaq Stock Market before the end of this year.

Copenhagen-listed Torm has been working to have its stock floated on both sides of the Atlantic for more than a year with its efforts frustrated by conditions in the capital and freight markets.

Jacob Meldgaard, executive director of Torm, said: “A US listing is the natural next step for Torm.