Danish product tanker owner Torm is expecting the trend for more period charter cover to ramp up ahead of a stronger winter market.
Asked by Fearnley Securities analyst Oystein Vaagen on a webinar if Torm would be looking to increase its term cover for the fleet, chief executive Jacob Meldgaard said: “I think if we can identify A1 customers — and we’ve got a lot of them who are there — to pay at or above what we think is the fair rate, we will definitely be open to that discussion.”
