Torm/DKr TRMD A

TORM shares rise after Hafnia agreed to acquire 4.5 million shares, lifting its stake to 18.22% and becoming TORM’s largest shareholder, reviving takeover speculation.
11 hours agoLightyear AI
1D1W1MYTD1Y5YMAX

About Torm

TORM plc is a global shipping company primarily engaged in transporting refined oil products, such as gasoline, jet fuel, and diesel oil. Its core business operates within the shipping industry, focusing on the product tanker sector. The company provides seaborne transportation services through its fleet of modern and standardized vessels, which are deployed globally to serve major energy companies and independent traders. Founded in 1889, TORM is headquartered in Copenhagen, Denmark, and has additional offices worldwide to support its extensive operations. The company's strategic positioning includes its emphasis on a high-quality fleet and operational efficiency, reinforced by strong customer relationships and an experienced management team.
Ticker
DKr TRMD A
Sector
Energy
Primary listing
CSE
Employees
597
Headquarters
London, United Kingdom
Website
www.torm.com

Torm Metrics

BasicAdvanced
kr 23B
5.57
kr 39.77
0.04
kr 13.01
5.87%

Bulls say / Bears say

TORM delivered a record second quarter, with TCE earnings of USD 512 million and net profit of USD 338 million. It raised 2026 TCE guidance to USD 1.4–1.6 billion, while 70% of earning days were already fixed, giving investors stronger near-term earnings visibility. (TORM plc, SEC)
The balance sheet provides a meaningful asset cushion. At 30 June, TORM reported fleet market value of USD 4.06 billion, NAV of USD 3.74 billion or USD 36.50 per share, net interest-bearing debt of USD 715 million and net loan-to-value of 22.4%. (SEC, TORM plc)
Longer voyages and rerouted trade have increased vessel utilisation, while around 70 LR2 ships moving into crude trades have reduced effective clean-product capacity by about 5%. S&P Global also cites possible inventory rebuilding and product-tanker demand growth of 2.5–4.5% in 2027, which could support rates beyond the immediate disruption. (S&P Global)
The exceptional earnings are closely tied to geopolitical disruption and highly volatile freight rates. TORM still had 10,271 earning days open for 2026, and it estimates that a USD 1,000-per-day change in rates would alter EBITDA by about USD 10 million. (TORM plc, SEC)
A normalisation of Middle East trade could expose the sector to oversupply. BIMCO expects product-tanker fleet growth of 13% against demand growth of only 2.5–4.5% in 2027, while more than half of the orderbook is in LR2 ships that compete with part of TORM’s fleet. (S&P Global)
The dividend is cyclical rather than fixed. TORM’s Q2 distribution was USD 2.40 per share, equal to 73% of quarterly profit, compared with USD 0.70 in Q1; a weaker freight market could therefore reduce shareholder income sharply. (TORM plc, TORM plc)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing Torm

AllEURGBPUSD
Funds
Fund name
Fund size
DKr TRMD A weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.16%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.16%
iShares MSCI World Small Cap$WSML
$9B0.02%
iShares MSCI World Small Cap€IUSN
€7.8B0.02%
iShares MSCI World Small Cap£WLDS
£6.7B0.02%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.