TORM plc (NASDAQ: TRMD, NASDAQ: TRMD A) has raised its full-year 2026 financial guidance, citing current forward freight coverage and market conditions in the product tanker sector.

The Denmark-based company now expects full-year 2026 time charter equivalent (TCE) revenue in the range of $1,700m–$1,900m and EBITDA of $1,300m–$1,500m. The updated figures compare to previous guidance of TCE of $1,400m–$1,600m and EBITDA of $1,000m–$1,200m.

"Exceptional market strength and strong execution have led us to raise our full-year guidance to new record levels. Our scale and agility support our track record of market-leading performance," said Jacob Meldgaard, CEO of TORM.

TORM plans to publish its third-quarter 2026 financial results on November 4, 2026. The information is based on a company press release.