TORM logo — TORM is a pure play tanker company and one of the world's le...

TORM

TORM is a pure play tanker company and one of the world's leading carriers of energy. Seriously Good Shipping.

Founded 1889 Denmark Denmark 2036 employees Post-IPO Secondary Total: $200.00M Logistics, Transportation +1

General Information

Company Name TORM
Founded Year 1889
Location Denmark Denmark
Employees 2036
Industries Logistics, Transportation, Logistics and Delivery
Funding Stage Post-IPO Secondary
Social

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About TORM

TORM

TORM is a pure play tanker company and one of the world's leading carriers of energy. Seriously Good Shipping.

About TORM

TORM was founded in 1889 and has sailed the seas since then. With headquarters in London and activities worldwide, TORM is listed on Nasdaq Copenhagen and New York. TORM’s offices are located in Houston, London, Copenhagen, Manila, Cebu, Mumbai, New Delhi, and Singapore. TORM employs approx. 3,100 seafarers and 300 land-based staff.

TORM is a pure play product tanker company and one of the world’s leading carriers of refined oil products such as gasoline, jet fuel, naphtha, and diesel oil. With vessels varying in size from 35,000-114,000 dwt., TORM operates a large and modern fleet of product tankers. Absolute reliability, high quality, and safety are the cornerstones of the Company's success.

TORM’s highly skilled crew and advanced maritime technology are the foundation of the business model – as is the Company's expertise within vessel management. TORM’s offices manage tanker operations, covering all time zones 24 hours a day, seven days a week.

Our 'One TORM'​ approach

TORM's world-class operational platform pursues a strategic framework focusing on four common goals named One TORM:

1. Putting customers first to achieve full customer reach and flexibility in order to outperform available earnings benchmarks 2. Ensuring quality in everything by, e.g. improving technical and commercial tradability and delivering optimized processes across the entire value chain 3. Acting responsibly by maintaining the highest safety, environment, and CSR standards 4. Operating in a cost-efficient manner

TORM as a workplace

The people of TORM are our real asset, and we believe in ensuring the best possible working environment, both at sea and ashore. TORM works with creating clear career paths for each employee, whether the ambition is to stay at one of our worldwide offices or our career opportunities at sea.

TORM is involved in Logistics, Transportation, Logistics and Delivery.

The last investment was a Post-IPO Secondary investment at 30 May 2024.

Taxonomy: tanker shipping, energy transportation, product tankers, refined oil products, maritime technology, vessel management, operational platform, safety standards, environmental responsibility, global carrier, employee career development

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Secondary Undisclosed -
30 May 2024
Post IPO Debt $200.00M -
11 Jan 2024

TORM Alternatives & Competitors

TORM vs

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FAQ About TORM

TORM is a pure play tanker company and one of the world's leading carriers of energy. Seriously Good Shipping.
TORM was founded in 1889.
TORM is headquartered in Denmark.
TORM operates in Logistics, Transportation and Logistics and Delivery. Its work centres on tanker shipping, energy transportation, product tankers and refined oil products.
TORM has approximately 2036 employees.
TORM has completed 2 funding rounds, raising a total of $200.00M. The latest funding stage is Post-IPO Secondary.
Top alternatives and competitors to TORM include Sea Pioneer Shipping Corporation, PAO Sovcomflot, Orca AI, Pavimar, SEAFAR. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
TORM and Sea Pioneer Shipping Corporation are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for TORM, https://bouncewatch.com/company/torm-1, updated 8 January 2025. When citing, please name BounceWatch and link this page.

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