Latest Torm A/S (TRMD) Headlines
Validus Injects $160 Million Into AlphaCat 2014 Sidecar
Michael Buck - AMBest - Thu Jan 09, 3:38PM CST
Validus Holdings Ltd. is funding its special purpose vehicle, AlphaCat 2014, with $160 million to write collateralized reinsurance and retrocessional contracts for the January renewal season.
TORM Reaches an Agreement in Principle With Oaktree on Sale of Four MR Product Tankers
GlobeNewswire - Fri Nov 29, 4:14AM CST
One of TORM's banks has today exercised the specific option rights granted in connection with the Restructuring Agreement (cf. announcement no. 31 dated 2 October 2012). This entails a sales process for the four MR product tankers financed by this bank facility. The vessels are TORM Alexandra (2010), TORM Agnete (2010), TORM Arawa (2012) and TORM Anabel (2012).
Third Quarter Report 2013
GlobeNewswire - Tue Nov 05, 1:23AM CST
"The results for the third quarter of 2013 were in line with our expectations as TORM continued to benefit from improving market fundamentals and a strong operational platform. Our long-term view of the product tanker market remains positive. EBITDA for the first nine months of 2013 was USD 71 million, which was an improvement of USD 112 million compared to last year," says CEO Jacob Meldgaard. TORM realized a positive EBITDA of USD 11 million and a loss before tax of USD 40 million in the third quarter of 2013.
Second Quarter Report 2013
GlobeNewswire - Thu Aug 15, 1:20AM CDT
-- EBITDA for the second quarter of 2013 was a gain of USD 25 million compared to an EBITDA of USD -23 million in the second quarter of 2012. The second quarter of 2013 had negative mark-to-market non-cash adjustments of USD 1 million, compared to a negative impact of USD 8 million in the same period of 2012. The result before tax for the second quarter of 2013 was a loss of USD 30 million, compared to a loss of USD 132 million in the same period of 2012. Cash flow from operating activities after interest payments was positive with USD 28 million in the second quarter of 2013, compared to USD -20 million in the same period of 2012.
TORM A/S Delists From the NASDAQ Capital Markets, US
GlobeNewswire - Fri Jul 19, 2:25AM CDT
With reference to company announcement no. 11 dated June 19, 2013, TORM A/S (Nasdaq:TRMD) (the "Company"), effective as of the close of trading today (i) terminates the Deposit Agreement between the Company and Deutsche Bank Trust Company Americas (the "Depositary") dated as of May 8, 2013, as amended (the "Deposit Agreement"), and its American Depository Receipt ("ADR") Program, and (ii) delists its American Depositary Shares ("ADSs"), evidenced by ADRs, from trading on the NASDAQ Capital Market in the United States. This was authorized by the Company's shareholders at the Company's Annual General Meeting, which was held on April 11, 2013.
TORM A/S Appoints Mads Peter Zacho as New CFO
GlobeNewswire - Mon Jul 08, 2:29AM CDT
Mads Peter Zacho (44) has been appointed new Chief Financial Officer (CFO) of TORM.
TORM A/S Announces the Termination of Its ADR Program and Plans to De-List From the NASDAQ Capital Markets US
GlobeNewswire - Wed Jun 19, 1:40AM CDT
TORM A/S (Nasdaq:TRMD) (the "Company") announced today that it has commenced the process to (i) terminate its American Depository Receipt ("ADR") program, which is governed by the Deposit Agreement between the Company and Deutsche Bank Trust Company Americas (the "Depositary") dated as of May 8, 2013, as amended (the "Deposit Agreement"), and (ii) delist its American Depositary Shares ("ADSs"), evidenced by American Depositary Receipts ("ADRs"), from the NASDAQ Capital Market, which was authorized by the Company's shareholders at the Company's 2013 Annual General Meeting that was held on April 11, 2013.
RVXCF, TCEHY, WHX, TRMD, Removed From Naked Short Lists Today
M2 - Thu May 30, 9:02AM CDT
BUYINS.NET, www.buyins.net , announced today that these select companies have been Removed From the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. RESVERLOGIX CORP (OTC:RVXCF), Tencent Holdings Ltd (OTC:TCEHY), Whiting USA Trust (NYSE:WHX), Torm A/S (NASDAQ:TRMD). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .
TRMD, DBOEY, Added To Naked Short Lists Today
M2 - Mon May 20, 8:54AM CDT
BUYINS.NET, www.buyins.net , announced today that these select companies have been Added To the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. Torm A/S (NASDAQ:TRMD), Deutsche Boerse AG (OTC
BOEY). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .
Market Maker Surveillance Report. TRMD, SRT, DRRX, PTIE, IFMI, LPDX, Losing Stocks With Lowest Price Friction For Friday, May 10th 2013
M2 - Mon May 13, 3:20AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3761 companies with "abnormal" market making, 3211 companies with positive Friction Factors and 2125 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Torm A/S (NASDAQ:TRMD), StarTek Inc (NYSE:SRT), Durect Corp (NASDAQ RRX), Pain Therapeutics Inc (NASDAQ
TIE), Institutional Financial Markets Inc (OTC:IFMI), (NASDAQ:LPDX). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visi
Interim Report for the First Quarter 2013
GlobeNewswire - Wed May 08, 1:22AM CDT
In the first quarter of 2013, TORM realized a positive EBITDA of USD 36 million and a loss before tax of USD 16 million. "The seasonally strong first quarter in the product tanker segment was the best we have seen since the beginning of the financial crisis. TORM positioned itself well to take advantage of the market improvements, and we saw the positive effects of TORM's restructured time charter fleet and the cost program. Cash flow from operations after interest was positive," says CEO Jacob Meldgaard.
CFO of TORM Resigns
GlobeNewswire - Wed Apr 24, 1:59AM CDT
CFO and member of the Executive Board of TORM Roland M. Andersen has today tendered his resignation. He will continue his normal duties on the Executive Board and leave the Company latest by the end of October 2013. The search process for a new CFO will be initiated immediately.
TORM Enters Into an Agreement With Oaktree on Five MR Product Tankers
GlobeNewswire - Mon Apr 22, 9:47AM CDT
TORM has entered into an agreement to sell five MR product tankers to a company controlled by Oaktree Capital Management (Oaktree). The sale is a consequence of the specific option rights, which one bank group exercised in connection with the Restructuring Agreement (cf. announcement no. 31 dated 2 October 2012). Oaktree will place the five vessels under TORM's commercial management in a revenue sharing scheme, and utilize TORM's integrated operating platform for technical management. TORM retains an upside potential through a profit split mechanism if Oaktree generates a return above a specified threshold.
Market Maker Surveillance Report. NG, TRMD, ALVR, CRMB, UGLD, USLV, Losing Stocks With Lowest Price Friction For Friday, April 12th 2013
M2 - Mon Apr 15, 2:12AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 4035 companies with "abnormal" market making, 2018 companies with positive Friction Factors and 3135 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. NovaGold Resources Inc (AMEX:NG), Torm A/S (NASDAQ:TRMD), Alvarion Ltd (NASDAQ:ALVR), Crumbs Bake Shop Inc (NASDAQ:CRMB), (NYSE:UGLD), (NYSE:USLV). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Results From TORM's Annual General Meeting 11 April 2013
GlobeNewswire - Thu Apr 11, 5:45AM CDT
The Annual General Meeting of TORM A/S was held on 11 April 2013 at 10:00 am at Radisson Blu Falconer Hotel. At the Annual General Meeting the following took place:
Board of Directors' Report at TORM A/S' Annual General Meeting on 11 April 2013
GlobeNewswire - Thu Apr 11, 3:05AM CDT
Introduction
Notice and Complete Proposals for the Annual General Meeting 2013
GlobeNewswire - Fri Mar 15, 11:18AM CDT
Attention:
TORM - Five Vessels Will be Held for Sale in the 2012 Financial Statements
GlobeNewswire - Wed Feb 27, 12:00PM CST
With reference to company announcement no. 40 dated 7 December 2012, one bank group has exercised an option to initiate a TORM-led sales process for five vessels. As this process is progressing well and is expected to be concluded in 2013, TORM will classify these vessels as assets held for sale in the 2012 financial statements, which will cause a USD 74 million impairment loss.
Understanding Scorpio Tankers (part 1)
c_masc@yahoo.com (Chris Mascarenhas)via The Motley Fool - Motley Fool - Fri Feb 22, 9:10AM CST
Significant portions of this article are from one of my posts on The Motley Fool message boards. Among tanker companies, Scorpio Tankers is a fairly recent publicly traded player, having only started trading publicly...
Market Maker Surveillance Report. DDD, TRMD, GV, NVGN, RPRX, UGAZ, Losing Stocks With Lowest Price Friction For Monday, January 28th 2013
M2 - Tue Jan 29, 2:49AM CST
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Monday there were 3940 companies with "abnormal" market making, 2696 companies with positive Friction Factors and 3035 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. 3D SYSTEMS CORPORATION (NYSE DD), Torm A/S (NASDAQ:TRMD), Goldfield Corp (AMEX:GV), Novogen Ltd (NASDAQ:NVGN), Repros Therapeutics Inc (NASDAQ:RPRX), (NYSE:UGAZ). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://ww
Validus Injects $160 Million Into AlphaCat 2014 Sidecar
Michael Buck - AMBest - Thu Jan 09, 3:38PM CST
Validus Holdings Ltd. is funding its special purpose vehicle, AlphaCat 2014, with $160 million to write collateralized reinsurance and retrocessional contracts for the January renewal season.
TORM Reaches an Agreement in Principle With Oaktree on Sale of Four MR Product Tankers
GlobeNewswire - Fri Nov 29, 4:14AM CST
One of TORM's banks has today exercised the specific option rights granted in connection with the Restructuring Agreement (cf. announcement no. 31 dated 2 October 2012). This entails a sales process for the four MR product tankers financed by this bank facility. The vessels are TORM Alexandra (2010), TORM Agnete (2010), TORM Arawa (2012) and TORM Anabel (2012).
Third Quarter Report 2013
GlobeNewswire - Tue Nov 05, 1:23AM CST
"The results for the third quarter of 2013 were in line with our expectations as TORM continued to benefit from improving market fundamentals and a strong operational platform. Our long-term view of the product tanker market remains positive. EBITDA for the first nine months of 2013 was USD 71 million, which was an improvement of USD 112 million compared to last year," says CEO Jacob Meldgaard. TORM realized a positive EBITDA of USD 11 million and a loss before tax of USD 40 million in the third quarter of 2013.
Second Quarter Report 2013
GlobeNewswire - Thu Aug 15, 1:20AM CDT
-- EBITDA for the second quarter of 2013 was a gain of USD 25 million compared to an EBITDA of USD -23 million in the second quarter of 2012. The second quarter of 2013 had negative mark-to-market non-cash adjustments of USD 1 million, compared to a negative impact of USD 8 million in the same period of 2012. The result before tax for the second quarter of 2013 was a loss of USD 30 million, compared to a loss of USD 132 million in the same period of 2012. Cash flow from operating activities after interest payments was positive with USD 28 million in the second quarter of 2013, compared to USD -20 million in the same period of 2012.
TORM A/S Delists From the NASDAQ Capital Markets, US
GlobeNewswire - Fri Jul 19, 2:25AM CDT
With reference to company announcement no. 11 dated June 19, 2013, TORM A/S (Nasdaq:TRMD) (the "Company"), effective as of the close of trading today (i) terminates the Deposit Agreement between the Company and Deutsche Bank Trust Company Americas (the "Depositary") dated as of May 8, 2013, as amended (the "Deposit Agreement"), and its American Depository Receipt ("ADR") Program, and (ii) delists its American Depositary Shares ("ADSs"), evidenced by ADRs, from trading on the NASDAQ Capital Market in the United States. This was authorized by the Company's shareholders at the Company's Annual General Meeting, which was held on April 11, 2013.
TORM A/S Appoints Mads Peter Zacho as New CFO
GlobeNewswire - Mon Jul 08, 2:29AM CDT
Mads Peter Zacho (44) has been appointed new Chief Financial Officer (CFO) of TORM.
TORM A/S Announces the Termination of Its ADR Program and Plans to De-List From the NASDAQ Capital Markets US
GlobeNewswire - Wed Jun 19, 1:40AM CDT
TORM A/S (Nasdaq:TRMD) (the "Company") announced today that it has commenced the process to (i) terminate its American Depository Receipt ("ADR") program, which is governed by the Deposit Agreement between the Company and Deutsche Bank Trust Company Americas (the "Depositary") dated as of May 8, 2013, as amended (the "Deposit Agreement"), and (ii) delist its American Depositary Shares ("ADSs"), evidenced by American Depositary Receipts ("ADRs"), from the NASDAQ Capital Market, which was authorized by the Company's shareholders at the Company's 2013 Annual General Meeting that was held on April 11, 2013.
RVXCF, TCEHY, WHX, TRMD, Removed From Naked Short Lists Today
M2 - Thu May 30, 9:02AM CDT
BUYINS.NET, www.buyins.net , announced today that these select companies have been Removed From the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. RESVERLOGIX CORP (OTC:RVXCF), Tencent Holdings Ltd (OTC:TCEHY), Whiting USA Trust (NYSE:WHX), Torm A/S (NASDAQ:TRMD). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .
TRMD, DBOEY, Added To Naked Short Lists Today
M2 - Mon May 20, 8:54AM CDT
BUYINS.NET, www.buyins.net , announced today that these select companies have been Added To the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. Torm A/S (NASDAQ:TRMD), Deutsche Boerse AG (OTC
BOEY). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net . Market Maker Surveillance Report. TRMD, SRT, DRRX, PTIE, IFMI, LPDX, Losing Stocks With Lowest Price Friction For Friday, May 10th 2013
M2 - Mon May 13, 3:20AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3761 companies with "abnormal" market making, 3211 companies with positive Friction Factors and 2125 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Torm A/S (NASDAQ:TRMD), StarTek Inc (NYSE:SRT), Durect Corp (NASDAQ
RRX), Pain Therapeutics Inc (NASDAQ TIE), Institutional Financial Markets Inc (OTC:IFMI), (NASDAQ:LPDX). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visi Interim Report for the First Quarter 2013
GlobeNewswire - Wed May 08, 1:22AM CDT
In the first quarter of 2013, TORM realized a positive EBITDA of USD 36 million and a loss before tax of USD 16 million. "The seasonally strong first quarter in the product tanker segment was the best we have seen since the beginning of the financial crisis. TORM positioned itself well to take advantage of the market improvements, and we saw the positive effects of TORM's restructured time charter fleet and the cost program. Cash flow from operations after interest was positive," says CEO Jacob Meldgaard.
CFO of TORM Resigns
GlobeNewswire - Wed Apr 24, 1:59AM CDT
CFO and member of the Executive Board of TORM Roland M. Andersen has today tendered his resignation. He will continue his normal duties on the Executive Board and leave the Company latest by the end of October 2013. The search process for a new CFO will be initiated immediately.
TORM Enters Into an Agreement With Oaktree on Five MR Product Tankers
GlobeNewswire - Mon Apr 22, 9:47AM CDT
TORM has entered into an agreement to sell five MR product tankers to a company controlled by Oaktree Capital Management (Oaktree). The sale is a consequence of the specific option rights, which one bank group exercised in connection with the Restructuring Agreement (cf. announcement no. 31 dated 2 October 2012). Oaktree will place the five vessels under TORM's commercial management in a revenue sharing scheme, and utilize TORM's integrated operating platform for technical management. TORM retains an upside potential through a profit split mechanism if Oaktree generates a return above a specified threshold.
Market Maker Surveillance Report. NG, TRMD, ALVR, CRMB, UGLD, USLV, Losing Stocks With Lowest Price Friction For Friday, April 12th 2013
M2 - Mon Apr 15, 2:12AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 4035 companies with "abnormal" market making, 2018 companies with positive Friction Factors and 3135 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. NovaGold Resources Inc (AMEX:NG), Torm A/S (NASDAQ:TRMD), Alvarion Ltd (NASDAQ:ALVR), Crumbs Bake Shop Inc (NASDAQ:CRMB), (NYSE:UGLD), (NYSE:USLV). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Results From TORM's Annual General Meeting 11 April 2013
GlobeNewswire - Thu Apr 11, 5:45AM CDT
The Annual General Meeting of TORM A/S was held on 11 April 2013 at 10:00 am at Radisson Blu Falconer Hotel. At the Annual General Meeting the following took place:
Board of Directors' Report at TORM A/S' Annual General Meeting on 11 April 2013
GlobeNewswire - Thu Apr 11, 3:05AM CDT
Introduction
Notice and Complete Proposals for the Annual General Meeting 2013
GlobeNewswire - Fri Mar 15, 11:18AM CDT
Attention:
TORM - Five Vessels Will be Held for Sale in the 2012 Financial Statements
GlobeNewswire - Wed Feb 27, 12:00PM CST
With reference to company announcement no. 40 dated 7 December 2012, one bank group has exercised an option to initiate a TORM-led sales process for five vessels. As this process is progressing well and is expected to be concluded in 2013, TORM will classify these vessels as assets held for sale in the 2012 financial statements, which will cause a USD 74 million impairment loss.
Understanding Scorpio Tankers (part 1)
c_masc@yahoo.com (Chris Mascarenhas)via The Motley Fool - Motley Fool - Fri Feb 22, 9:10AM CST
Significant portions of this article are from one of my posts on The Motley Fool message boards. Among tanker companies, Scorpio Tankers is a fairly recent publicly traded player, having only started trading publicly...
Market Maker Surveillance Report. DDD, TRMD, GV, NVGN, RPRX, UGAZ, Losing Stocks With Lowest Price Friction For Monday, January 28th 2013
M2 - Tue Jan 29, 2:49AM CST
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Monday there were 3940 companies with "abnormal" market making, 2696 companies with positive Friction Factors and 3035 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. 3D SYSTEMS CORPORATION (NYSE
DD), Torm A/S (NASDAQ:TRMD), Goldfield Corp (AMEX:GV), Novogen Ltd (NASDAQ:NVGN), Repros Therapeutics Inc (NASDAQ:RPRX), (NYSE:UGAZ). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://ww 
