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TORM raises full-year 2026 TCE guidance to USD 1,700–1,900m and EBITDA to USD 1,300–1,500m
TRMDTORM plc
TORM plc has upgraded its full-year 2026 financial guidance based on current coverage and expectations for continued market strength in the fourth quarter. The company now expects total charter equivalent (TCE) earnings of USD 1,700 million to USD 1,900 million, up from previous estimates of USD 1,400 million to USD 1,600 million. Full-year EBITDA is projected at USD 1,300 million to USD 1,500 million, compared to prior guidance of USD 1,000 million to USD 1,200 million. Management cited exceptional market strength and strong execution as drivers for the revised record levels. TORM will report third-quarter results on November 4, 2026. The company is one of the world’s leading carriers of refined oil products, operating a fleet of product tanker vessels.