Nov 07, 2024 / 02:00PM GMT
Operator
Hello, my name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the TORM third quarter, 2024 results conference call.
(Operator Instructions)
At this time, I would like to turn the conference over to Jacob Meldgaard, Chief Executive Officer. Please go ahead.
Jacob Meldgaard - TORM PLC - Chief Executive Officer, Executive Director
Thank you and a warm welcome to everyone joining us on the call today. This morning, we released our third quarter results, and I am pleased to share that TORM has once again delivered a strong financial performance.
Let me start by highlighting some of the key takeaways for the quarter.
Our time charter equivalent earnings rose to $263 million and EBITA amounted to $191 million. Although freight rates have been lower than expected in the last part of the quarter. We continue to see the market dynamics we've experienced in recent quarters driven by ongoing geopolitical tensions from both the Ukraine Russia conflict and escalating issues in
Q3 2024 Torm PLC Earnings Call Transcript
5 days ago
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