TORM PLC
Our customers’ well-diversified portfolio of tankers, bulkers, containers and carriers is becoming increasingly rejuvenated, thus enabling an improved carbon footprint for both sides. One third of the markets are in Greece, one quarter in Germany and the rest within the EU and UK. Only just under 10% in other regions.
TORM and HCOB have a long-standing business relationship.
TORM was founded in Denmark in 1889 and today operates a fleet of around 90 modern vessels, all of which comply with the strictest safety and environmental standards and ensure energy security. TORM is one of the world’s largest owners and operators of product tankers.
Project details
The USD 93 million financing made it possible to renew the fleet with modern tonnage. The three product tankers meet the existing high safety and environmental standards and transport refined oil products or chemicals for the continuous energy supply of various forms of operation. The investment loan for these LR 1 product tankers enables the regular modernization and optimization of the tonnage.
Key facts
|
Volume |
USD 93 million |
| Type | Investment loan |
| Tenure | 5 years |
| Units | 3 eco-efficient tankers |
| Headquarters | Copenhagen, Denmark |
| Year of construction | 2010 |
HCOB has a clear profile, strong communication, good processes and is a reliable, long-standing business partner of TORM.
Kim Balle, Chief Financial Officer,
TORM PLC
Your project in good hands
We offer financing solutions for your company that are tailored to your individual needs as a project developer or real estate investor. We use all common types of financing and provide you with reliable support in achieving the desired risk and return profile.
Jan-Philipp Rohr
Global Head of ShippingLoukas Lagaras
Managing Director of the HCOB branch in PiraeusMatthias Happich
Senior Relationship Manager Ship FinanceIndividual and pragmatic
Whether as the sole financier or in conjunction with our partners, we will find the right solution for your project. The HCOB takes on various roles in this process.
As your sole financing partner, HCOB makes it possible for you to benefit from its many years of expertise. We support you during the entire lifecycle of your project by providing individualised, expert assistance.
Together with our partners, we will drive your project forward. Benefit from our global network.
We take over the operational management and control of the credit exposure. We are at your side throughout the entire tenure of your financing.
For your liquidity management
HCOB’s cash pooling actively transfers account balances automatically. Cash pooling allows you to ensure the smooth integration of new group companies with individual, fast and pragmatic solutions. Institutional clients in particular balanced all secondary accounts on a currency-neutral basis every day through cash pooling and cash rooting.
Financing enquiry
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Arrange a consultation appointment
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