But the company still expects to post a loss for 2014.
It said the net deficit last year was $162m, against $581m in 2012, with earnings before interest, tax, depreciation and amortisation (EBITDA) coming in at $96m, up $291m compared to the year before.
"This was a result of stronger market fundamentals in the product tanker segment combined with Torm’s enhanced operational platform and customer relations,” said CEO Jacob Meldgaard.
It
