Torm acquires four modern MR vessels
Torm has agreed to buy four 2011-built MR vessels for a total consideration of USD 83m with expected delivery between August and December 2019. The vessels are built at the Korean yard Hyundai Mipo. Torm already has ten vessels in the fleet from Hyundai Mipo and has good technical and commercial experience with these vessels.
"We are pleased to expand the fleet with four modern MR vessels at an attractive price point. Looking into an improving demand-supply situation for the transportation of clean petroleum products, we believe that the timing for a fleet expansion with modern vessels is appropriate and underlines the flexibility provided by our strong capital structure", says Executive Director Jacob Meldgaard.
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