Discover the Torm-Arawa: Ratings & Maritime News

On June 21, 2015, the Danish tanker 'Torm Arawa' played a heroic role in saving 222 migrants in distress off the coast of Libya. This commendable operation was prompted by a request from Italian authorities seeking assistance from Torm. The vessel reached the vicinity of Zawiya early in the morning and, within hours, successfully transferred the migrants from two separate boats. After the rescue, the ship made its way to Reggio Calabria, ensuring the safety and wellbeing of those aboard.

In a strategic move to comply with its restructuring agreement, TORM A/S has announced the sale of four Medium Range (MR) product tankers to entities managed by Oaktree Capital Management. The vessels involved in this transaction include the TORM Alexandra, TORM Agnete, TORM Arawa, and TORM Anabel, along with two additional vessels. Under the terms of the agreement, Oaktree will place these ships under TORM's commercial management, operating under a revenue-sharing framework that benefits both parties. This decision marks a significant step in TORM's efforts to streamline operations and strengthen its financial standing.