TORM plc Q2 2025 Results, Dividend Distribution, and Financial Outlook 2025

INSIDE INFORMATION “TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty,” says Jacob Meldgaard, adding: “We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance.” Financial Results In the second quarter of 2025 TORM (Nasdaq: TRMD …

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City of Glasgow College announced as Academic Partner for LISW25

London International Shipping Week 2025 (LISW25) is proud to announce City of Glasgow College as its official Academic Partner, strengthening the week’s focus on maritime education, skills, and innovation. As one of the UK’s leading maritime education and training institutions, City of Glasgow College is recognised worldwide for its state-of-the-art facilities and pioneering approach to …

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Environmental groups challenge climate study used to justify endangerment finding repeal

The US Department of Energy violated federal advisory committee laws when it created a climate report to justify the repeal of the US Environmental Protection Agency’s endangerment finding, environmental groups said in a lawsuit. The suit said that the DOE study — which claimed that the impacts of greenhouse gas emissions on the nation’s climate …

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US, petrostates band together for IMO showdown over green bunker rules

The US and a group of eight petrostates have made renewed attempts to thwart the International Maritime Organization’s new decarbonization rules, creating uncertainties in future bunker markets while readying themselves for a showdown in October. During the UN agency’s Marine Environment Protection Committee meeting in April, member states held a vote to approve two sets …

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ICJ ruling puts legal heat on global shipping – Pacific leads the call

The recent International Court of Justice (ICJ) advisory opinion has shifted climate justice from a political ambition to a binding legal obligation — raising the stakes for the International Maritime Organisation (IMO) and the global shipping industry. Vanuatu, which spearheaded the ICJ process, says the ruling strengthens the hand of vulnerable nations in pushing high-emitting …

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Norton Rose Fulbright advises Citi on US$1.7 billion ECA-backed financings for Abercrombie & Kent passenger cruise vessels

Global law firm Norton Rose Fulbright has advised longstanding client Citi and a syndicate of lenders on a more than US$1.7 billion export credit-backed financing package for two high-end passenger cruise vessels, expanding the Abercrombie & Kent (A&K) luxury cruise ‘Crystal’ brand. Citi acted as global coordinator, mandated lead arranger, agent and security agent. Banco …

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