With attention still focused on the tanker segment, J Mintzmyer speaks to underfollowed Torm PLC about what they're seeing in the wake of a solid Q1 earnings report and Q2 outlook.

Topics Covered

1:15 minute mark - Overview of current product tanker markets:

3:15 - Differences between LR & MR markets?

7:00 - How many of your LR2s are trading dirty vs. clean?

9:15 - How long is the destocking period likely to last, impact to rates?

14:00 - Capital allocation priorities at this time?

17:00 - Nearly 25 ships aged 15+, how are these performing? Plans to sell?

21:15 - Any levers available to close NAV discount?

24:00 - Free float is very thin, is there an ability to boost this without dilution?

30:15 - Crew replacements ongoing or still stuck on water?

35:00 - Current newbuild environment: Shipyards aggressively discounting yet?

37:45 - What differentiates Torm from peers and competitors?