Brief: Torm Qtrly Loss Per Share Was 12 Cents

Torm

12/11/2019 09:14

Nov 12 (Reuters) - Torm PLC  TRMD.O :
    * QTRLY LOSS PER SHARE (EPS) WAS 12 CENTS
    * IN Q3 TORM ACHIEVED TCE RATES OF $13,392/DAY  VERSUS
$10,598/DAY
    * TORM-EXPERIENCED SOME DELAYS IN RECENT SCRUBBER
INSTALLATIONS,
CO HAS DECIDED TO POSTPONE SOME INSTALLATIONS TO THE FIRST &
SECOND QUARTER OF 2020
    * TORM-PRODUCT TANKER FREIGHT RATES REBOUNDED STRONGLY AT
START OF
Q4 AFTER INCREASE IN CRUDE TANKER RATES DUE TO ATTACKS ON SAUDI
ARABIAN OIL FACILITIES
    * TORM-PRODUCT TANKER FREIGHT RATES INCREASE ACCELERATED
DRAMATICALLY AFTER THE US IMPOSED SANCTIONS ON TWO SUBSIDIARIES
OF CHINA’S COSCO SHIPPING
    * IN GENERAL, PRODUCT TANKER FREIGHT RATES WERE STRONGER IN
THE
EASTERN THAN IN THE WESTERN HEMISPHERE IN THE THIRD QUARTER OF
2019.

Source text for Eikon:  ID:nGNE9wkcNV 
Further company coverage:  TRMD.O 

 ((Reuters.Briefs@thomsonreuters.com;))