TORM A/S
Torm A/S (Torm) is a midstream shipping transportation company. The company through its subsidiaries is engaged in transportation of refined products such as gasoline, jet fuel, naphtha and diesel oil in its product tankers and steel, iron, coal, bauxite, grain and fertilizers through its dry bulk carriers. The company`s subsidiaries include TORM Singapore Pte. Ltd., TORM Norway AS, TORM Shipping (Germany) GmbH, TORM Shipping Phils. Inc., TORM USA LLC., and OMCI Plc. The company has operation across Asia, Europe and North America. Torm is headquartered at Hellerup, Denmark.The company reported revenues of (U.S. Dollars) USD 1,183.59 million during the fiscal year ended December 2008, an increase of 53.00% over 2007. The operating profit of the company was USD 446.25 million during the fiscal year 2008, an increase of 124.25% over 2007. The net profit of the company was USD 361.35 million during the fiscal year 2008, a decrease of 54.36% from 2007.
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