Value Investor's Edge Live #20: Torm PLC's Management Team On The Product Tanker Market from The Razor’s Edge

Value Investor's Edge Live #20: Torm PLC's Management Team On The Product Tanker Market

41 minutes Posted May 28, 2020 at 8:00 am.

minute mark Overview of current product tanker markets:

Differences between LR & MR markets?

How many of your LR2s are trading dirty vs. clean?

How long is the destocking period likely to last, impact to rates?

Capital allocation priorities at this time?

Nearly 25 ships aged 15+, how are these performing? Plans to sell?

Any levers available to close NAV discount?

Free float is very thin, is there an ability to boost this without dilution?

Crew replacements ongoing or still stuck on water?

Current newbuild environment: Shipyards aggressively discounting yet?

What differentiates Torm from peers and competitors?

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Show notes

With attention still focused on the tanker segment, J Mintzmyer speaks to underfollowed Torm PLC about what they're seeing in the wake of a solid Q1 earnings report and Q2 outlook.

Topics Covered

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