TORM plc Q1 2023 results, dividend distribution, and financial outlook 2023
“During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by changes in the global flow of refined oil products towards longer haul trades,” says Jacob Meldgaard and continues: “In the first quarter we achieved freight rates across our fleet of USD/day 41,717 compared to USD/day 16,743 in the in the first quarter of 2022.” Financial results (inside information) For Q1 2023, TORM realized an EBITDA of USD 199m (2022, same period: USD 60m), which is a strong performance compared to the Q1 product tanker market, but is