TORM plc Q3 2023 results, dividend distribution, and financial outlook 2023
"The strong and sustained market for product tankers has resulted in historical high TCE earnings for the first nine months of 2023, that are 26% higher than last year. We expect a strong ending to the year, driven by seasonal factors and continued favorable market conditions,” says Jacob Meldgaard and continues: “This quarter, we will return USD 123.2m to our shareholders as dividend.” Financial results Results delivered in the first nine months of 2023 were historically high despite a temporary drop in freight rates over the summer. In Q3 2023, TCE per day was USD 33,010 compared to