Copenhagen-based shipowner and operator of product tankers Torm is continuing its remarkable buying spree by snapping up more tankers.
The 2025 fourth quarter stood out as the most active period of the year, with Torm agreeing to acquire eight product tankers, the majority of which were delivered before year‑end.
During the same period, Torm also completed the divestment of one older LR2 tanker, with delivery scheduled for early 2026.
Throughout 2025, the company listed on Nasdaq in Copenhagen and on Nasdaq in New York, continued its fleet renewal strategy, balancing the divestment of older tonnage with targeted acquisitions to strengthen fleet quality and efficiency.
Over the full year, Torm acquired nine second-hand vessels as part of its ongoing optimization efforts. In addition, it exercised purchase options on 14 leaseback vessels, transitioning them to full ownership.
By the end of December 2025, the shipowner had 93 owned and leased vessels in the LR2, LR1, and MR vessel classes.
In 2025, Torm generated time charter equivalent earnings of $910m (compared to $1,135m in 2024).
The net profit for the year stood at $286m (compared to $612m in 2024).
