TORM plc

TORM plc is a shipping company that owns and operates a fleet of product tankers, primarily transporting refined oil products and dirty petroleum products. Its Tanker segment handles refined products like gasoline, jet fuel, diesel, naphtha, and gas oil, as well as dirty products such as residual fuels and crude oil. Additionally, TORM has a Marine Engineering segment that develops and produces advanced and green marine equipment. Founded in 1889, the company is headquartered in London, United Kingdom, and operates internationally.

TORM plc is listed on the NasdaqGS exchange under the ticker symbol TRMD. Its financials are reported in US dollars (USD), reflecting its international operations and the standard currency for shipping and oil trading. The company is incorporated in the United Kingdom and has a global presence, but its stock trades on a US exchange, making it accessible to investors worldwide.

TORM plc operates in the Energy sector, specifically within the Oil & Gas Midstream industry. This means the company is involved in the transportation, storage, and handling of oil and gas products, rather than exploration or production. As a midstream player, TORM focuses on shipping refined petroleum products and crude oil via its tanker fleet, bridging the gap between upstream producers and downstream consumers.

TORM plc is headquartered in London, United Kingdom, but its operations are global. The company owns and operates a fleet of product tankers that serve markets in the United Kingdom and internationally. Its tankers transport refined oil products and dirty petroleum products across various regions, leveraging its long history since 1889 to build a strong international presence in the shipping industry.

TORM plc generates revenue through two main segments: Tanker and Marine Engineering. The Tanker segment earns income by transporting refined oil products (such as gasoline, jet fuel, diesel, naphtha, and gas oil) and dirty petroleum products (including residual fuels and crude oil) for customers. The Marine Engineering segment develops and produces advanced and green marine equipment, adding a diversified revenue stream. By operating a fleet of product tankers and offering engineering solutions, TORM capitalizes on global demand for petroleum product shipping and environmental technologies.