Torm sells product tanker

Copenhagen headquartered shipowner TORM has entered into an agreement to sell its 1995 built 47,629 dwt product tanker Faja de Oro II for USD 12m. Faja de Oro II will be delivered to the new owner in the first quarter of 2011. Following the sale of the vessel, TORM's owned fleet consists of 67 product tankers and two dry bulk vessels. In addition, TORM has seven product tankers and two dry bulk vessels on order.