TORM plc(TRMD) - 2023 Q1 - Quarterly Report

"During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by changes in the global flow of refined oil products towards longer haul trades," says Jacob Meldgaard and continues: "In the first quarter we achieved freight rates across our fleet of USD/day 41,717 compared to USD/day 16,743 in the first quarter of 2022." Results Exhibit 99.1 Highlights Coverage • As of 05 May 2023, the coverage for the second quarter of 2023 was 64% at USD/day 40,08 ...