Torm anticipates strong second half as it boosts guidance and beefs up fleet

Torm’s first half strength has the company confident as it heads into the back half of 2024.

The Copenhagen-based product tanker owner said on Thursday that it has 68% of its total 2024 revenue days booked at $42,205 per day, a touch better than its second quarter average of $42,057 per day, and good enough for the company to pull up the baseline of its full-year guidance.