Product tanker company Torm PLC (TRMD) had a great 2022, with shares rising from $7+ -ish, to over $30. The last month the shares have slid around 25%.
The product tanker sector is adjusting to the dynamics of shifting trade routes due to Russian-Ukraine war. This is a positive for TRMD’s fleet, as all vessel categories in their fleet are in demand. Nibbled on TRMD yesterday (01/25)