TORM A/S, a shipping company, together with its subsidiaries, engages in the ownership and operation of product tankers and dry bulk carriers worldwide. As of March 31, 2013, the company’s fleet of owned and finance leased vessels consisted of 65 product tankers and 2 dry bulk carriers. The total tonnage of those vessels is approximately 3.8 million deadweight tons (dwt). In addition, the company chartered-in 11 product tankers and 28 dry bulk carriers and commercially managed approximately 20 vessels for third-party owners and charterers. Operations The company’s Tanker division primarily engages in the transportation of refined oil products, such as gasoline, jet fuel, and naphtha and gas oil. The company owns and operates four sizes of product carriers and, secondarily, a small part of this division is engaged in the transportation of crude oil. The major vessels are Aframax (LR2) tankers of approximately 100,000 to 105,000 dwt that primarily transport naphtha between the Arabian Gulf and Japan and other East Asian countries. It also has Panamax tankers, which are tankers of approximately 80,000 to 85,000 dwt; and Handymax (MR) product tankers of approximately 40,000 to 50,000 dwt. The company also operates Handysize product tankers of up to 40,000 dwt. Panamax, Handymax, and Handysize product tankers also operate in the U.S., Africa, Europe, and the Caribbean. The company's Bulk division operates Panamax size vessels, which range between 60,000 and 80,000 dwt, carry iron ore and coal, as well as commodities, such as grain, bauxite, and fertilizer. Regulation The company's operations are subject to various laws and regulations in the form of international conventions and treaties, national, state and local laws and national and international regulations in force in the jurisdictions in which its vessels operate or are registered, which can significantly affect the ownership and operation of its vessels. These requirements include the U.S. Oil Pollution Act of 1990; the U.S. Comprehensive Environmental Response, Compensation and Liability Act; the U.S Clean Air Act; the U.S. Clean Water Act; the U.S. Marine Transportation Security Act of 2002; the International Maritime Organization (the IMO); the International Convention for the Prevention of Pollution from Ships of 1975; the International Convention for the Prevention of Marine Pollution of 1973; the International Convention on Civil Liability for Oil Pollution Damage of 1969, as amended by the Protocol of 1992; the IMO International Convention for the Safety of Life at Sea of 1974, including the International Management Code for the Safe Operation of Ships and Pollution Prevention; the International Ship and Port Facilities Securities Code, which became effective in 2004; the International Convention on Load Lines of 1966; and the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk. History TORM A/S, formerly known as Aktieselskabet Dampskibsselskabet Torm, was founded in 1889 by Captain Ditlev E. Torm and Christian Schmiegelow.
torm a/s (TORM:Copenhagen)
Tuborg Havnevej 18
Phone: 45 39 17 92 00
Fax: 45 39 17 93 93www.torm.dk
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To contact TORM A/S, please visit www.torm.dk. Company data is provided by Capital IQ. Please use this form to report any data issues.