On 15 July 2024, TORM has entered into an agreement to acquire eight second-hand MR vessels that are expected to be delivered during Third Quarter 2024 and Fourth Quarter 2024 for a total consideration of USD 340 million, with a cash consideration of USD 238 million and the issuance of approximately 2.65 million shares. The purchase price is subject to certain adjustments that will be impacted by TORM's share price development and the vessels' delivery schedules. TORM has, since the release of First Quarter 2024 results, sold one 2006-built MR tanker for delivery in Third Quarter 2024 for a cash consideration of USD 23.3 million.