Torm A/S Q2 Earnings Call: Fleet Optimization and Strong Market Positioning

TORM A/S reported stable Q2 earnings, with a TCE of $208 million and net profit of $59 million, despite geopolitical uncertainties and declining older vessel valuations. The company has divested older vessels, secured up to $857 million in new financing, and raised its full-year guidance, forecasting TCE earnings between $800 million and $950 million and EBITDA between $475 million and $625 million. TORM's fleet optimization strategy and strong market positioning position it for future growth.