You would have been forgiven for thinking Torm might not have come back from the financial dire straits it faced in 2012.
But, looking back, chief executive Jacob Meldgaard told TradeWinds that he never believed that Torm would go under. He said the company was just "in intensive care".
History has shown he was right. Earlier this month, the product tanker owner reported its best annual financial result in three years, and expects an even stronger profit this quarter.
