Torm Buys 8 MR Tankers In a Cash & Share Deal

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Denmark’s Torm is buying eight Croatian-built MR tankers from Team Tankers, paying for the ships with $82.5m in cash and the issuance of 5.97m shares and the transaction takes the Torm fleet to 83 vessels, says an article published in Torm.

Tanker Ships List

The ships are the,

  • Team Amorina,
  • Team Allegro,
  • Team Corrido,
  • Team Cavatina,
  • Team Leader,
  • Team Discoverer,
  • Team Voyager and
  • Team Adventurer.

Ships & Shipments

The vessels – all built between 2007 and 2012 – will deliver in Q2 and Q3. Based on broker valuations, the market value of the acquired vessels is assessed at $148m, Torm stated in a release.

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