TORM plc Annual Report 2019
“The product tanker market improved significantly in 2019 compared to previous years, resulting in the strongest full-year results in three years, supported by our superior integrated One TORM platform. Our thorough preparations for the IMO 2020 sulfur regulation have, together with a strong product tanker market going into 2020, further enabled TORM to achieve freight rates in the first quarter to date that will provide the strongest start to a year for more than a decade. This has been achieved despite the uncertainty caused by COVID-19, which we continue to monitor closely, together with