TORM plc Annual Report 2023 and financial outlook 2024
"2023 ended strongly after a year of favorable market conditions. TORM’s earnings set new records for the company, surpassing 2022,” says Jacob Meldgaard, adding: “Through strategic fleet expansion and modernization, we not only capitalized on the market conditions and delivered significant value to our shareholders, we also ensured that TORM is well positioned for future years.” Financial results For the year ended 31 December 2023, TORM grew time charter equivalent earnings (TCE) to USD 1,084m (2022: USD 982m) and realized a historically high EBITDA of USD 848m (2022: USD 743m) and