TORM plc interim results for the third quarter of 2017
"During the third quarter of 2017, TORM achieved competitive blended freight rates of USD/day 14,290, a satisfactory result considering that the freight market in general was weak for most of the quarter. Towards the end of the quarter, the market was affected by the hurricane Harvey and refinery disruptions in Mexico which briefly lifted Atlantic MR rates and had an even more sustained effect on Far East MR rates with increasing transport distances towards the Americas. The disruption to the refinery system at the US Gulf Coast has accelerated the draws on inventories in the western