After recording its best start to the year in more than a decade, product tanker owner Torm has seen its winning streak continue during the second quarter.

The Danish company's profit before tax was $71.4m during the three-month period, which is up by over 1,200% on the profit of $5.2m seen during the second quarter of 2019.

The second-quarter result included a $6min one-off itemsrelated to the sale of five older vessels during the period.