Ticker	Volume	Price	Price Delta
DJIA	15,318.20	+138.38	0.91%
S&P 500	1,651.81	+12.77	0.78%
Nasdaq	3,482.18	+30.05	0.87%

Ticker

Volume

Price

Price Delta

DJIA

15,318.20

+138.38

0.91%

S&P 500

1,651.81

+12.77

0.78%

Nasdaq

3,482.18

+30.05

0.87%

Ticker	Volume	Price	Price Delta
STOXX 50	2,700.93	-1.76	-0.07%
FTSE 100	6,374.21	+43.72	0.69%
DAX	8,229.51	+13.78	0.17%

Ticker

Volume

Price

Price Delta

STOXX 50

2,700.93

-1.76

-0.07%

FTSE 100

6,374.21

+43.72

0.69%

DAX

8,229.51

+13.78

0.17%

Ticker	Volume	Price	Price Delta
Nikkei	13,292.70	+285.46	2.19%
Hang Seng	21,142.00	-83.85	-0.40%
S&P/ASX 200	4,839.00	+24.65	0.51%

Ticker

Volume

Price

Price Delta

Nikkei

13,292.70

+285.46

2.19%

Hang Seng

21,142.00

-83.85

-0.40%

S&P/ASX 200

4,839.00

+24.65

0.51%

Torm Agrees to Sell Stake in Joint Venture at $5 Million Loss

By Rob Sheridan - 2012-05-15T10:21:48Z

Torm A/S, (TORM) an operator of ships that carry oil products and dry-bulk commodities, agreed to sell its 50 percent stake in a joint venture at a $5 million loss.

The venture, Ugland & Torm Shipowning ApS, has one tanker as its main asset, Hellerup, Denmark-based Torm said today in a statement. The vessel, Torm Ugland, is a 229-meter (751-foot) Long Range 1 tanker built in 2007. The sale leaves Torm with an owned fleet of 66 product tankers and two dry-bulk vessels, the statement showed.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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