TORM plc: TORM purchases four new MR vessels
TORM purchases four new MR vessels"I am pleased that TORM's long-term relationship with Guangzhou Shipyard International has enabled us to purchase four MR resale vessels at very favorable prices. The agreement also includes an option for an additional four high-specification MR vessels. Given the market outlook, we see this as an attractive way to grow and renew our fleet at a cyclical good point in time", says Executive Director Jacob Meldgaard. TORM has today entered into an agreement to purchase four fuel-efficient MR resale vessels from Guangzhou Shipyard International ("GSI")