On the Record · TORM
TORM acquisitions, on the record
The businesses TORM bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Marine Exhaust Technology A/SWord for word“Moreover, through our acquisition of Marine Exhaust Technology A/S, we are exposed to changes to Danish corporate tax regime.” 20-F for 2023 | agreed acquisition | — | — |
three 2013-built MR eco product tanker vessels (TORM Beatrice, TORM Birgitte and TORM Belis)Word for word“On March 16, 2023, we entered into an agreement to purchase three 2013-built MR eco product tanker vessels for a total cash consideration of $48.5 million and the issuance of 1.42 million Class A common shares.” 20-F for 2023 | agreed acquisition | On March 16, 2023, we entered into an agreement | a total cash consideration of $48.5 million and the issuance of 1.42 million Class A common shares |
seven 2011 - 2013 LR1 vesselsWord for word“During January 2023, we entered into two agreements to acquire seven 2011 - 2013 LR1 vessels a total cash consideration of $233.0 million.” 20-F for 2023 | agreed acquisition | During January 2023 | a total cash consideration of $233.0 million |
eight eco LR2 vessels built in 2010-2012Word for word“On November 9, 2023, we announced the acquisition of eight eco LR2 vessels built in 2010-2012 for a total cash consideration of $399 million, consisting of cash consideration of $239 million and the issuance of approximately 5.5 million shares.” 20-F for 2023 | agreed acquisition | On November 9, 2023, we announced the acquisition | a total cash consideration of $399 million, consisting of cash consideration of $239 million and the issuance of approximately 5.5 million shares |
11 older vesselsWord for word“The increase was offset by the divestment of 11 older vessels of $159 million and depreciation of $144 million.” 20-F for 2023 | divestiture | — | $159 million |
four 2015-2016 MR eco product tanker vesselsWord for word“During the fourth quarter of 2023, we entered into an agreement for four 2015-2016 MR eco product tanker vessels for a total cash consideration of $75.0 million and the issuance of 2.68 million common shares.” 20-F for 2024 | agreed acquisition | fourth quarter of 2023 | $75.0 million and the issuance of 2.68 million common shares |
eight second-hand MR vesselsWord for word“On July 15, 2024, we announced the acquisition of eight second-hand MR vessels for a total consideration of $340 million, consisting of cash consideration of $238 million and the issuance of approximately 2.65 million shares.” 20-F for 2024 | acquisition | July 15, 2024 | $340 million, consisting of cash consideration of $238 million and the issuance of approximately 2.65 million shares |
one 2005-built MR vessel (TORM Helvig)Word for word“In late November 2024 and early December 2024, TORM entered into agreements to sell one 2005-built MR vessel (TORM Helvig) and one 2006-built MR vessel (TORM Republican), respectively, that were delivered to the new owners on December 23, 2024 and December 30, 2024, respectively.” 20-F for 2024 | agreed divestiture | late November 2024 | — |
one 2006-built MR vessel (TORM Republican)Word for word“In late November 2024 and early December 2024, TORM entered into agreements to sell one 2005-built MR vessel (TORM Helvig) and one 2006-built MR vessel (TORM Republican), respectively, that were delivered to the new owners on December 23, 2024 and December 30, 2024, respectively.” 20-F for 2024 | agreed divestiture | early December 2024 | — |
one MR vessel, TORM SaraWord for word“During the second quarter of 2023, we sold one MR vessel, TORM Sara, that was delivered to its new owner on May 22, 2023.” 20-F for 2024 | divestiture | second quarter of 2023 | — |
seven of our vessels with an average age of approximately 18 yearsWord for word“Of these eight, we entered into agreements to sell seven of our vessels with an average age of approximately 18 years for a total consideration of $88 million.” 20-F for 2024 | agreed divestiture | — | $88 million |
one 2010-built LR2 vessel (TORM Gauri)Word for word“On November 6, 2025, we announced the acquisition of one 2010-built LR2 vessel.” 20-F for 2025 | acquisition | November 6, 2025 | — |
six 2014-2018-built MR vessels and two 2016-built LR2 vesselsWord for word“In the fourth quarter of 2025, we agreed to acquire six 2014-2018-built MR vessels and two 2016-built LR2 vessels.” 20-F for 2025 | agreed acquisition | In the fourth quarter of 2025 | — |
one 2007-built MR vessel, TORM AdventurerWord for word“In the third quarter of 2025, we sold one 2007-built MR vessel, TORM Adventurer, that was delivered to its new owner on 19 November 2025.” 20-F for 2025 | divestiture | 19 November 2025 | — |
one MR vessel, TORM EricWord for word“During the second quarter of 2024, we sold one MR vessel, TORM Eric, that was delivered to its new owner on June 5, 2024.” 20-F for 2025 | divestiture | June 5, 2024 | — |
Read from TORM’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.