South Korea’s Sinokor Merchant Marine is expected to become a shareholder in Torm after being identified in the market as the owner of a fleet of MR tankers sold to the Danish company on Monday.
Torm said it was paying $340m for the Hyundai Mipo Dockyard-built ships dating from 2014 and 2015.
The US and Denmark-listed company will hand over $238m in cash and $102m in the form of 2.65m
