Mar 04 2021 “I am very pleased that our integrated One TORM platform enabled us to deliver a solid EBITDA of USD 272m and a considerable cash return to shareholders totaling USD 71m in dividends during 2020. I am further pleased that our commitment to minimize environmental impact has enabled us to reduce greenhouse gas emissions by 22% since 2008, showing a clear path towards our ambitious target of 40% reduction by 2030.” says Mr. Jacob Meldgaard, Executive Director. In 2020, TORM realized an EBITDA of USD 272m (2019: USD 202m). The 2020 profit before tax amounted to USD 90m (2019: USD 167m). The net profit adjusted for non-recurring items was USD 122m (2019: USD 51m) and Adjusted Return on Invested Capital (RoIC) was a very strong 9.3% (2019: 5.2%).
TORM plc Annual Report 2020
“I am very pleased that our integrated One TORM platform enabled us to deliver a solid EBITDA of USD 272m and a considerable cash return to shareholders totaling USD 71m in dividends during 2020. I am further pleased that our commitment to minimize environmental impact has enabled us to reduce greenhouse gas emissions by 22% since 2008, showing a clear path towards our ambitious target of 40% reduction by 2030.” says Mr. Jacob Meldgaard, Executive Director.
• In 2020, TORM realized an EBITDA of USD 272m (2019: USD 202m). The 2020 profit before tax amounted to USD 90m (2019: USD 167m). The net profit adjusted for non-recurring items was USD 122m (2019: USD 51m) and Adjusted Return on Invested Capital (RoIC) was a very strong 9.3% (2019: 5.2%).
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Press Release – Leading Classification Society ClassNK has released “Guidelines for Remote Surveys Ver. 2.0” including a class notation requirement for the ship with advance preparation for remote surveys.
ClassNK has been working on the advancement of surveys using digital technology in line with its R&D roadmap and Digital Grand Design 2030, and published “Guidelines for Remote Surveys”. Incorporating outcomes of investigation and examination for providing the standards in the application of remote surveys to ensure reliability equivalent to conventional witness surveys with transparency, the guidelines have described the types of surveys that can be applied, the types and amounts of information required for remote surveys, and the requirements for the use of ICT.
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Press Release – Ballast Water Treatment (BWT) specialist Optimarin is fighting for the title of Norway’s Smartest Business, capping a year that has seen strong sales and revenue performances under difficult conditions. The Stavanger-headquartered, global BWT pioneer finished 2020 with a surge in contracts – including signing a 40-vessel exclusive frame agreement with a major, unnamed shipowner – and started 2021 with news of its inclusion on a shortlist of three for the prestigious national accolade. CEO Leiv Kallestad describes the past 12 months as “a truly defining time” for the team.
Optimarin has an established position at the head of the BWT niche. The first manufacturer to release a commercial system to the maritime market (back in 2000), the firm was also the first to achieve full USCG approval, in 2016, the first to launch a five-year parts and servicing guarantee, and the first to offer a leasing agreement to global shipowners. However, Kall