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Torm targets 250 vessels

Torm targets 250 vessels
The Danish shipping company Torm has decided to down rate its ambitions growth plan, targeting a fleet of 250 vessels in 2010.

The Danish shipping company Torm has decided to down rate its ambitions growth plan, targeting a fleet of 250 vessels in 2010.

The Danish shipping company Torm has decided to down rate its ambitions growth plan, targeting a fleet of 250 vessels in 2010. The current crisis within shipping makes it wise to go slow, says Torm's CEO Mikael Skov. "We have analyzed the market and reassessed our strategy in the light of the crisis. The conclusion is that nothing has caused us to change our expectations from the market for product tankers, but the road has become more complicated. We still face a somewhat grey future, and therefore there is more flexibility in our target of reaching 250 vessels, Mikael Skov, CEO of Torm, says.

The Torm fleet today consists of 143 tankers, making Torm the third biggest operator of product tankers in the world.

www.TurkishMaritime.com.tr

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