Torm sale of one bulk carrier with profit
SHIPPING: Torm has entered into an agreement to sell the Panamax bulk carrier Torm Tina (built in 2001). The vessel has been sold for a total consideration of USD 30 million with a profit of USD 11.5 million.
The vessel is expected to be delivered in July 2009.
Torm maintains the pre-tax profit forecast for 2009 of USD 100 - 140 million incl. sale of vessels as stated on 19 May 2009.
Following the sale of the vessel, Torm's owned fleet consists of 61 product tankers and four bulk carriers. In addition, Torm has 14 product tankers and four bulk carriers on order.
Source: Torm