Back from its restructuring Torm has returned to the newbuilding market for the first time since 2008 ordering four LR2 product tankers, with options for six more vessels, at Guangzhou Shipyard International (GSI). Torm is splashing out $200m on the LR2 newbuildings to be delivered between the fourth quarter of 2017 and the second quarter of 2018. The shipowner has also taken options for six more vessels of either LR1, LR2 or MR tankers for delivery in 2018 and 2019 from GSI.
