Copenhagen-based shipowner and operator of product tankers Torm is continuing its remarkable buying spree by snapping up more tankers. The 2026 first quarter stood out as the most active period, with Torm agreeing to acquire eight vessels through a mix of resale and secondhand acquisitions.
Throughout the first quarter, the company listed on Nasdaq in Copenhagen and on Nasdaq in New York, continued its fleet renewal strategy with targeted acquisitions to strengthen fleet quality and efficiency.
After the end of the quarter, the company said it has agreed to purchase a total of six MR resales, with the first two vessels scheduled for delivery already in the first quarter of 2027, followed by two additional deliveries in 2027 and the remaining two in 2028.
During the first quarter of 2026, Torm took delivery of two 2016-built LR2 vessels and one 2018-built MR vessel, now renamed Torm Helga, Torm Hedwig and Torm Fortune. Furthermore, Torm delivered the 2008-built LR2 vessel Torm Maren to its new owner.
Meanwhile, the company entered into an agreement to purchase two 2015-built MR vessels with delivery in the second quarter of 2026. The vessels will be named Torm Dehradun and Torm Dapitan.
After completion of the deliveries, Torm’s fleet size will increase to 103 vessels, up from 95 ships (as of 31 March 2026), including two under sale-and-leaseback agreements with options to buy back the vessels.
“TORM delivered a strong quarter supported by high freight rates, consistent execution, and our One TORM platform,” said chief executive officer Jacob Meldgaard, adding: “Rates rose to record levels in April, prompting an upward revision of our full-year guidance while continuing to monitor global developments. We also invested selectively in fleet renewal, including six resale vessels, reflecting our long-term view of the market.”
