Danish product tanker owner Torm has continued its sell-off of older tonnage with three ships set to exit the fleet.
The New York and Copenhagen Nasdaq-listed firm is shipping out 2005-built MR tankers the 46,200 dwt Torm Ragnhild, 50,000 dwt Torm Resilience and 47,000 dwt Torm Thames, with deliveries to new owners expected during the first quarter of this year.
Buyers of Torm’s currently three oldest vessels in the fleet have not been disclosed. The trio is estimated by VesselsValue at about $47m.
Since early 2024, the Jacob Meldgaard-led company has grown and modernised the fleet by taking delivery of 19 vessels and completing sales of seven older ones. Once the latest transactions are closed, Torm will have 91 tankers in the LR2, LR1, and MR segments, with the oldest vessels built in 2007.
