TORM acquires four modern MR vessels
"We are pleased to expand the fleet with four modern MR vessels at an attractive price point. Looking into an improving demand-supply situation for the transportation of clean petroleum products, we believe that the timing for a fleet expansion with modern vessels is appropriate and underlines the flexibility provided by our strong capital structure," says Executive Director Jacob Meldgaard. TORM has agreed to buy four 2011-built MR vessels for a total consideration of USD 83m with expected delivery between August and December 2019. The vessels are built at the Korean yard Hyundai Mipo.