Amid a strong tanker market, Danish product tanker owner TORM raised its full-year 2026 guidance for the third time on October 12.

Specifically, TORM expects full-year 2026 TCE revenue of between $1.70 billion and $1.90 billion (previously between $1.40 billion and $1.60 billion), and EBITDA of between $1.30 billion and $1.50 billion (previously between $1.00 billion and $1.20 billion).

“Strong markets and excellent execution have enabled us to raise our full-year guidance to a new record level,” said TORM CEO Jacob Meldgaard.

“TORM’s scale and agility underpin the company’s market-leading performance track record,” he noted.

As of now, TORM has 90 product tankers. In addition, TORM has ordered 6+2 MR newbuildings, with the six firm-order vessels scheduled for delivery in 2029 and the two optional vessels expected to be delivered in 2030.