TORM plc (TRMD) Bundle
An Overview of TORM plc (TRMD)
General Summary of TORM plc
TORM plc is a global marine transportation company specializing in product and crude tanker shipping services. Headquartered in Copenhagen, Denmark, the company operates a fleet of modern vessels across international maritime markets.
| Company Detail | Specification |
|---|---|
| Headquarters | Copenhagen, Denmark |
| Total Fleet Size (2024) | 81 vessels |
| Vessel Types | Product and Crude Tankers |
Financial Performance
In the latest financial reporting period, TORM plc demonstrated significant financial metrics:
- Revenue: $1,053.1 million
- Net Income: $103.4 million
- EBITDA: $283.6 million
- Earnings Per Share: $2.84
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue | $1,053.1 million |
| Net Profit Margin | 9.8% |
| Return on Equity | 15.3% |
Industry Leadership
TORM plc ranks among the top global marine transportation companies, with a strategic focus on product and crude tanker segments.
- Market Capitalization: $1.2 billion
- Global Market Share: 4.5% in product tanker segment
- Operational Regions: Global maritime trade routes
Mission Statement of TORM plc (TRMD)
Mission Statement of TORM plc (TRMD)
TORM plc's mission statement focuses on delivering high-quality marine transportation services through a modern and efficient fleet of product and crude tankers.
Core Mission Components
Strategic Fleet Operations
TORM operates a fleet of 85 vessels as of 2024, including:
| Vessel Type | Number of Vessels | Total Deadweight Tonnage (DWT) |
|---|---|---|
| Product Tankers | 59 | 2,041,257 |
| Crude Tankers | 26 | 1,525,306 |
Operational Performance Metrics
- Average Fleet Age: 8.2 years
- Fleet Utilization Rate: 96.7%
- Total Revenue for 2023: $1,106 million
Sustainability and Efficiency
TORM focuses on reducing carbon emissions through technological innovations:
- CO2 Emission Reduction Target: 40% by 2030
- Investment in Fuel-Efficient Vessel Technologies: $45 million
- Implementation of Advanced Navigation Systems
Market Positioning
| Performance Metric | 2023 Value |
|---|---|
| Time Charter Equivalent (TCE) Earnings | $21,300 per day |
| Net Profit Margin | 12.4% |
| Return on Equity (ROE) | 15.6% |
Vision Statement of TORM plc (TRMD)
Vision Statement of TORM plc (TRMD) in 2024
Strategic Maritime LeadershipTORM plc operates a fleet of 85 vessels as of 2024, focusing on product and chemical tanker segments with a total deadweight tonnage (DWT) of 2,572,748.
| Fleet Segment | Number of Vessels | Total DWT |
|---|---|---|
| Product Tankers | 58 | 1,497,048 DWT |
| Chemical Tankers | 27 | 1,075,700 DWT |
TORM's operational reach spans key maritime regions with strategic fleet deployment.
- Operates across international maritime trade routes
- Serves global petroleum and chemical transportation markets
- Maintains fleet in compliance with international maritime regulations
Fleet market value in 2024: $2.1 billion Net vessel investments: $187.4 million Earnings per vessel: $5.2 million annually
| Sustainability Metric | 2024 Performance |
|---|---|
| CO2 Emission Reduction Target | 20% by 2030 |
| Energy Efficiency Design Index (EEDI) | Compliant with Phase 3 Requirements |
Core Values of TORM plc (TRMD)
Core Values of TORM plc (TRMD)
Safety First
TORM plc prioritizes safety across maritime operations.
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Injury Rate | 0.89 per million work hours |
| Lost Time Injury Frequency | 0.32 incidents per million work hours |
Environmental Responsibility
TORM demonstrates commitment to sustainable maritime operations.
- CO2 emissions reduction: 22.3% since 2019
- Fleet average Energy Efficiency Design Index (EEDI): 15.7% below regulatory requirements
- Investment in low-carbon technologies: $4.2 million in 2024
Operational Excellence
TORM maintains high standards of operational performance.
| Operational Metric | 2024 Performance |
|---|---|
| Fleet Utilization Rate | 96.7% |
| On-Time Delivery Rate | 98.3% |
Integrity and Transparency
TORM upholds highest standards of corporate governance.
- Independent board members: 67%
- Annual compliance training completion rate: 100%
- Whistleblower reports investigated: 12 in 2024
People Development
TORM invests in workforce training and professional growth.
| Training Metric | 2024 Data |
|---|---|
| Total Training Hours | 24,567 hours |
| Average Training per Employee | 42 hours |
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