Torm may seek debt refinancing as it ran up a large loss last year and faces another big reverse in 2011.
The company’s chief executive Jacob Meldgaard defended the latest red set of figures, however, and pointed to opportunities in volatile tanker markets.
Torm wrote in Thursday’s results statement which revealed a $135m net loss that it “has a number of initiatives including refinancing of existing loan facilities which will add further to cash and funding available”.
Meldgaard
