TORM PLC Class A Stock News

HELLERUP, Denmark , June 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD A) has increased its share capital by 11,236 A-shares (corresponding to a nominal value of USD 112.36) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.

HELLERUP, Denmark , June 3, 2025 /PRNewswire/ -- TORM (Nasdaq: TRMD or TRMD A) expands its environmental and technical capabilities by acquiring full ownership of ME Production, a Danish specialist in advanced marine and energy equipment. Longstanding Partnership Becomes Full Ownership TORM A/S has acquired the remaining 25% ownership stake in ME Production (MEP) from founder and CEO Jens Peter...

Shares of major international oil and oil-related stocks such as TotalEnergies (TTE 2.68%), APA (APA 1.82%), and oil tanker company Torm plc (TRMD 4.00%) rallied on Monday, with the stocks up 2.6%, 4.4%, and 3.4%, respectively, as of 12:45 p.m. ET.

HELLERUP, Denmark , May 22, 2025 /PRNewswire/ -- TORM plc (Nasdaq: TRMD) (Nasdaq: TRMD A) (the Company) is pleased to announce that pursuant to an order issued by the High Court of Justice in England and Wales (the Court) dated 13 May 2025 confirming the reduction of the share premium account of TORM plc in the sum of USD180m (the Capital Reduction) (the Order), the Order and a statement of cap...

HELLERUP, Denmark , May 19, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD A) has increased its share capital by 151,581 A-shares (corresponding to a nominal value of USD 1,515.81) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.

HELLERUP, Denmark , May 19, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) has been notified of the following transaction in TORM plc securities: Details of the reporting person / closely associated person Name Jacob Balslev Meldgaard Reason for the notification Position/status CEO/Executive Director Initial notification/Amendment Initial notification Details of the issuer Name T...

I reiterate my buy rating on TORM, as shares remain materially undervalued despite ongoing macroeconomic and geopolitical uncertainty. TORM delivered solid Q1 results with stabilized freight rates, strong free cash flow, and a $0.40 dividend, supporting cautious optimism for 2025. Valuation remains attractive with a low P/E and high FCF yield, even after revising my intrinsic value lower due to...

TORM plc's stock is upgraded to "buy" due to stabilizing TCE rates, cooling trade tensions, and an aging fleet poised for retirement. The TCE rates, which were earlier declining continuously in 2024, have finally stabilized, indicating positive development for the shipping industry. European diesel demand rise and fleet dynamics favor TRMD, with vessel switching to dirty trade, reducing clean t...