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Denmark's Torm Sells Two Vessels, Exits Dry Bulk Shipping

Maritime Activity Reports, Inc.

September 23, 2015

Danish shipping company said on Wednesday it has sold two dry bulk vessels to an undisclosed buyer and will hand back a leased bulker at the beginning of October, marking its exit from the dry bulk shipping industry.

Torm Anholt and Torm Bornholm are both so-called Panamax vessels and both built in 2004.

The Copenhagen-based shipping company kept its full-year profit guidance of an earnings before interest, taxes, depreciation and amortization (EBITDA) between 190 million and $230 million.

(Reporting by Ole Mikkelsen)