Tanker giant Torm believes more needs to be done today to tackle climate change and has brought the deadline for its carbon targets forward by five years, chief executive Jacob Meldgaard told TradeWinds.

The Danish shipowner aims to cut emissions from its product tanker fleet by 40% over the next three years, down from the 2008 baseline set by IMO. Its previous deadline was 2030, in line with IMO targets.