TORM Picks Up Six Tankers from LGR Navigazione

As we go to press, we understand that Danish tanker and bulk shipping company TORM has agreed to purchase a modern fleet of five product tankers and one panamax tanker from LGR Navigazione. The vessels range from just over 17,000 mdwt up to 72,000 mdwt and have an average age in the range of five years; only the panamax tanker was built before 2000. Purchase price is said to be around $290 million, and the ships had previously been a part of the TORM pool.

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