TORM plc(TRMD) - 2022 Q2 - Quarterly Report

Exhibit 99.1 HIGHLIGHTS "In Q1 2022, the product tanker markets showed a strong recovery resulting in a net profit of USD 10.4m. After the Russian invasion of Ukraine, the market is now the strongest for more than a decade. The market is currently trading above USD 40,000 on average per day for TORM's fleet." says Executive Director Jacob Meldgaard. | RESULT | In Q1 2022, TORM achieved TCE rates of USD/day 16,743 (2021, same period: USD/day 13,493) and an EBITDA of USD 60.4m (2021, same | | --- | --- | | | ...