Torm A/S is a shipping company. The Company operates through two business segments: The Tanker Segment and the Bulk Segment. In the Tanker Segment, the Company provides services that primarily consist of transportation of refined oil products, such as gasoline, jet fuel and naphtha. In the Bulk Segment, the Company provides services that consist of transportation of dry cargo commodities, such as coal, grain and iron ore. The Company owns approximately 43 product tankers. In addition, the Company has chartered-in seven product tankers and 22 product tankers under commercial management. The Company's bulk fleet counted two owned vessels and five time charter vessels.