The following is a summary of the TORM Plc (TRMD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• TORM reported time charter equivalent earnings of US$263 million and EBITDA of US$191 million for Q3 2024.

Business Progress:

• The company faced lower than expected freight rates in the latter part of the quarter.

• Ongoing geopolitical tensions and market dynamics such as vessel rerouting and longer voyages have contributed to a tight supply-demand balance in the product tanker market.

Opportunities:

• The key fundamentals supporting a positive rate environment in the future remain intact despite current challenges.

Risks:

• A significant part of the increased CPP volumes has been carried on uncoated VLCCs and suezmaxes, putting a temporary cap on rates.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.