March 16 (Bloomberg) -- Torm A/S, an operator of oil tankers and commodity carriers, canceled an order for a new oil-product tanker at a loss of $2 million, the Hellerup, Denmark-based company said.
The cancellation means the company has no more vessels on order, Roland M. Andersen, chief financial officer, said in a statement today. The tanker was scheduled for delivery in the second quarter of 2014. Torm’s owned fleet consists of 66 product tankers and two dry bulk vessels, it said.
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