Torm is sticking to the plan when it comes to fleet expansion.
Jacob Meldgaard, chief executive at the Copenhagen and New York-listed product tanker giant, said on Thursday that the company is still looking to do multi-ship deals in cash and stock transactions if a good one comes its way.
“Without doing M&A [mergers and acquisitions], where you’re merging two companies, we’ve done these smaller deals where you’re adding vessels to the fleet by increasing the share count also,” he told TradeWinds.
