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Torm acquires MR tanker pair from Cido Shipping

Photo of Jason Jiang Jason JiangNovember 16, 2020
1,315 Less than a minute

Danish owner Torm has acquired two 2010-built MR tankers from Hong Kong-based Cido Shipping.

Both Clarksons and VesselsValue are reporting that Torm bought the 46,800 dwt sister vessels Atlantic Pegasus and Atlantic Queen from Cido Shipping for a price of $16.3m each.

In August, Torm offloaded a pair of older MR tankers, the 2002-built Torm Carline and Torm Gerd.

Torm is a pure play product tanker company with a fleet of around 80 vessels.

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Photo of Jason Jiang Jason JiangNovember 16, 2020
1,315 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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