Torm profit of 1m dollar in Q3

In the third quarter of 2020, TORM achieved TCE rates of USD/day 16,762 – compared to USD/day 13,392 for the same period in 2019. EBITDA was USD 43.4m, compared to USD 32.0m for the same period in 2019. EBITDA was negatively impacted by a non-recurring IAS standard provision of USD 8m related to cargo claims.In the third quarter of 2020, TORM achieved TCE rates of USD/day 16,762 – compared to USD/day 13,392 for the same period in 2019. EBITDA was USD 43.4m, compared to USD 32.0m for the same period in 2019. EBITDA was negatively impacted by a non-recurring IAS standard provision of USD 8m related to cargo claims.Read More

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