Torm PLC 2012 Annual Report with Sustainability Disclosures
Company: Torm PLC
Sector: Transport & logistics
Country: United Kingdom
Year: 2012
Type: Annual Report with Sustainability Disclosures
Pages: 108
The report describes TORM's completion of a November 2012 restructuring that deferred debt, provided new liquidity, and reduced charter commitments. Despite difficult shipping markets, the group reported revenue of USD 1,121 million and a loss before tax of USD 579 million. It also highlighted fuel-efficiency initiatives, reduced vessel CO2 intensity to 7.6 g/ton-km, and reported that it had never experienced work-related fatalities.
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