Torm tied to MR newbuild series in China

Danish product tanker giant Torm has been linked to an order for up to eight MR newbuildings at China’s Zhoushan Changhong International Shipyard. Shipbroking sources are reporting a deal covering six firm 50,000 dwt tankers and options for another two, priced at about $46m each. The firm ships would be worth a combined $276m, rising … Read full article →