Torm has no plans to acquire any dry-bulk tonnage despite sealing a large contract of affreightment from a Chinese steel mill.



Owners of geared and grabs-fitted bulkers will benefit from the five-year deal with China Nickel Resources (CNR) Holdings as the Dane goes to the market to charter-in vessels.



Torm announced on Tuesday that it has penned a deal with Hong Kong-listed CNR which will see 6.5