TORM plc(TRMD) - 2023 Q3 - Quarterly Report

Exhibit 99.1 Highlights “The strong and sustained market for product tankers has resulted in historical high TCE earnings for the first nine months of 2023, that are 26% higher than last year. We expect a strong ending to the year, driven by seasonal factors and continued favorable market conditions,” says Jacob Meldgaard and continues: “This quarter, we will return USD 123.2m to our shareholders as dividend.” Results ● TCE for Q3 2023: USD/day 33,010 (Q3 2022: USD/day 44,376). TCE for Q1-Q3 2023: USD/day 3 ...