H.C. Wainwright initiated coverage on TORM plc with a new price target
$TRMD
Marine Transportation
Consumer Discretionary
H.C. Wainwright initiated coverage of TORM plc with a rating of Buy and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/12/2022 | $14.00 | Buy | H.C. Wainwright |
H.C. Wainwright initiated coverage of TORM plc with a rating of Buy and set a new price target of $14.00
SCHEDULE 13D/A - TORM plc (0001655891) (Subject)
6-K - TORM plc (0001655891) (Filer)
6-K - TORM plc (0001655891) (Filer)
NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Capital Link is pleased to announce the release of the Shipping Sector Webinar Highlights Booklet, titled "SHIPPING: STATE OF THE INDUSTRY & THE ROAD AHEAD," a resource that distills top insights from the Shipping Sector Webinar Series held in December 2025. Featuring leadership insights from senior executives of publicly listed shipping companies, the booklet provides a detailed look at how market fundamentals, fleet strategies, capital allocation, regulatory developments, and geopolitical factors are shaping the global shipping industry landscape. Organized by sector, the publication covers Container, Crude Tanker, Product Tanker, Dry Bu
HELLERUP, Denmark, Jan. 6, 2026 /PRNewswire/ -- Reference is made to TORM plc's (NASDAQ:TRMD) (NASDAQ:TRMD) company announcement dated 23 December 2025 regarding completion of Hafnia Limited's ("Hafnia") acquisition of shares in TORM plc from Oaktree Capital Management, L.P. and its affiliates ("Oaktree"). In accordance with TORM plc's articles of association ("Articles"), the Board of Directors has today determined that the threshold date defined in the Articles (being the first time at which Oaktree and its affiliates have ceased to beneficially own at least one third of the issued shares, excluding any shares held in treasury) has occurred and is therefore set at today. As the ownership
HELLERUP, Denmark, Dec. 23, 2025 /PRNewswire/ -- With reference to TORM plc's (NASDAQ:TRMD) (NASDAQ: TRMD A) company announcements dated 03 and 09 September 2025 regarding Hafnia Limited's ("Hafnia") potential acquisition of shares in TORM plc from Oaktree Capital Management, L.P. and its affiliates ("Oaktree"), TORM plc has been informed by Oaktree that this acquisition was completed on 22 December 2025. Following completion of the acquisition, TORM plc understands that Oaktree holds 26,425,059 A shares, and Hafnia holds 14,156,061 A shares, out of a total of 101,332,707 A shares of USD 0.01 each. Accordingly, following receipt of Oaktree's threshold notice, the board of directors will now
INSIDE INFORMATION HELLERUP, Denmark, Dec. 16, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) is pleased to announce that the Board of Directors has appointed Simon Mackenzie Smith as the new Chair of the Board, succeeding Chris Boehringer. The appointment follows a planned process and reflects the Board's strong focus on ensuring continuity and long-term value creation for TORM and our shareholders. Chris Boehringer was appointed Chair of the Board in 2015 and will continue to serve as a member of the Board. During this period, TORM has strengthened our financial position and continued to develop the One TORM platform, which has been fundamental to our continued market-leading performance. "I
HELLERUP, Denmark, Sept. 3, 2025 /PRNewswire/ -- TORM plc ("TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) has today been informed of the announcement (the Announcement) by Hafnia Limited ("Hafnia"), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM's issued share capital (the Share Purchase). The A shares are priced at USD 22 per share for a total purchase price of USD 311,433,342. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of cus
HELLERUP, Denmark, June 3, 2025 /PRNewswire/ -- TORM (NASDAQ:TRMD) expands its environmental and technical capabilities by acquiring full ownership of ME Production, a Danish specialist in advanced marine and energy equipment. Longstanding Partnership Becomes Full Ownership TORM A/S has acquired the remaining 25% ownership stake in ME Production (MEP) from founder and CEO Jens Peter Faldt. MEP is a Danish industrial engineering company with a proven record in green maritime equipment. This expansion follows TORM's initial acquisition of a 75% ownership stake in 2022, and now TORM has full ownership of MEP. The two companies have maintained a close, productive collaboration since 2018, when
HELLERUP, Denmark, Nov. 14, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) (NASDAQ:TRMD) has increased its share capital by 970,646 A-shares (corresponding to a nominal value of USD 9,706.46) as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). Hereof 963,146 new shares are subscribed for in cash at DKK 0.07 per A-share and 7,500 new shares are subscribed for in cash at DKK 140.2 per share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any
HELLERUP, Denmark, Nov. 12, 2025 /PRNewswire/ -- TORM plc's TORM plc ("TORM") (NASDAQ:TRMD) (NASDAQ:TRMD) has increased its share capital by a total of 2,395,426 shares (corresponding to USD 23,954.26) in connection with delivery of one LR2 vessel and exercise of Restricted Share Units as part of TORM's incentive program. With reference to Company Announcement no. 22 dated 06 November 2025 where TORM plc ("TORM") announced the acquisition of one 2010-built LR2 vessel, TORM plc has increased its share capital by 748,569 shares (corresponding to USD 7,485.69) as a result of the delivery of the vessel. The new shares relate to the settlement of a USD 17.0m allocated loan note issued in connect
HELLERUP, Denmark, Nov. 6, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered its strongest quarterly result so far in 2025, demonstrating the strength of our integrated operating model and the people behind it," says Jacob Meldgaard, adding: "We continue to deliver market-leading performance and create long-term value for our shareholders." Financial Results In the third quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 236.4m including unrealized losses on derivatives of USD 7.3m (2024, same period: USD 263.4m including unrealized gains on derivatives of USD 0.8m). Adjusted EBITDA for the Group totaled USD 159.4m (2024, same
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)
SC 13D/A - TORM plc (0001655891) (Subject)