Aktieselskabet Dampskibsselskabet TORM · Hellerup Denmark ·(OMX Copenhagen: TORM)(NASDAQ (GS): TRMD)
Company Description
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Dampskibsselskabet TORM, which translates into English as Steamship Company TORM, operates a fleet of about 130 vessels, consisting primarily of product tankers but also including bulk cargo carriers. TORM owns more than 60 ships and charters-in another 20-plus; the balance of its fleet consists of vessels managed on behalf of third-party owners and charterers. The company's tankers carry refined petroleum products such as gasoline, jet fuel, naphtha, and diesel, and its bulk carriers transport commodities such as grain, coal, and iron ore. Most of TORM's product tankers are operated in pools with those of other companies, account for more than two-thirds of the company's sales. To read the full description, subscribe now.
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Aktieselskabet Dampskibsselskabet TORM Executives
37 executives listed for Aktieselskabet Dampskibsselskabet TORM's Hellerup, location.
| Title | Name & Bio | Contact |
| Chairman | Niels Nielsen | Network |
| Deputy Chairman | Christian Frigast | Network |
| President and CEO | Mikael Skov | Network |
Competition
Competitive Landscape for Aktieselskabet Dampskibsselskabet TORM
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top Aktieselskabet Dampskibsselskabet TORM Competitors
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