Dry CargoEurope

Torm sells its last two bulk carriers

Torm is no longer an owner of bulk carriers, after agreeing to sell two of its panamax bulkers to Greece’s Target Marine for an undisclosed sum.

The vessels being sold are the Torm Anholt (74,200 dwt, built 2004) and Torm Bornholm (76,000 dwt, built 2004), both of which were built in Japan. Delivery to the buyer is expected in October and November.

No prices for the vessels were made public, but VesselsValue.com estimates their market values to be $9.99m and $10.18m respectively.

Torm’s strategy is to exit dry bulk activities and to focus on scale and the operational of product tankers.

For now, the Danish company has one chartered-in bulk carrier in its fleet, the panamax Ogna (75,500 dwt, built 2008), which will be redelivered to its owner Mowinckel in October.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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