TORM plc (TRMD) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for standing by. My name is Jeannie, and I will be your conference operator today. At this time, I would like to welcome everyone to the TORM Second Quarter twenty twenty six Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the conference over to Jacob Melbard, CEO. You may begin. Well, thank you, and welcome to everyone joining us today. We are pleased to report a record second quarter, reflecting both exceptionally strong market condition and the strength of the platform we have built over many years. Before turning to the quarter itself, I would like to briefly revisit what continues to differentiate TORM and creates value for our shareholders across market cycles. At the core is what we call the One TORM advantage. This is our integrated operating model where commercial, technical and operational decisions are aligned across the organization. It allows us to react quickly to changing market conditions, optimize fleet deployment and consistently capture opportunities as they emerge. Our culture is equally important. Through a unified organization and centralized decision making process, we are able to execute faster and more effectively than many of our peers. This alignment creates accountability, improves utilization and supports disciplined cost management throughout the business. The results are measurable. Over the period from 2023 through 2025, our MR fleet generated more than US200 million of additional TCE earnings compared to the peer average. This demonstrates the strength of our commercial platform and our ability to consistently create value across different market environm...