Speculation sweeping the market that Torm has completed the purchase of the Primorsk International Shipping tanker fleet has quickly cooled today.
The Danish owner was tipped to have picked up the five medium range and four aframax tankers in a deal priced in the $200m range.
Sources with knowledge of the ongoing sales process say Torm has not completed a transaction and some suggest the deadline for the deal has now been extended with more than one company still in the race.
