Value Investor's Edge Live #20: Torm PLC's Management Team On The Product Tanker Market
The Razor’s Edge - Podcast autorstwa Shortman Studios
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With attention still focused on the tanker segment, J Mintzmyer speaks to underfollowed Torm PLC about what they're seeing in the wake of a solid Q1 earnings report and Q2 outlook. Topics Covered 1:15 minute mark - Overview of current product tanker markets: 3:15 - Differences between LR & MR markets? 7:00 - How many of your LR2s are trading dirty vs. clean? 9:15 - How long is the destocking period likely to last, impact to rates? 14:00 - Capital allocation priorities at this time? 17:00 - Nearly 25 ships aged 15+, how are these performing? Plans to sell? 21:15 - Any levers available to close NAV discount? 24:00 - Free float is very thin, is there an ability to boost this without dilution? 30:15 - Crew replacements ongoing or still stuck on water? 35:00 - Current newbuild environment: Shipyards aggressively discounting yet? 37:45 - What differentiates Torm from peers and competitors?
