Nordic Business Report-April 28, 2006-A/S Dampskibsselskabet Torm to sell two vessels
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The Danish shipping company A/S Dampskibsselskabet Torm said on Thursday (27 April) that it had entered into an agreement to sell the bulk carriers TORM Arawa and TORM Pacific.
The vessels have been sold to Pacific Basin, Hong Kong for a total consideration of USD35.1m.
Torm also said that it had adjusted its guidance for the 2006 result to USD155-175m before tax from the previous forecast of USD140-160m as a result of the sale.
One US dollar (USD) is worth approximately 0.56 British pounds (GBP).
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