FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July 2006
A/S STEAMSHIP COMPANY TORM
(Translation of registrant's name into English)
Tuborg Havnevej 18
DK-2900 Hellerup
Denmark
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Set forth herein as Exhibit 1 is a copy of Announcement No. 8 - 2006 issued
by A/S STEAMSHIP COMPANY TORM to The Copenhagen Stock Exchange on July 28, 2006.
ANNOUNCEMENT NO. 8 - 2006
28 July 2006
TORM has during July entered into an agreement to sell the three
bulk carriers TORM Marina (built 1990), TORM Herdis (built 1992)
and TORM Tekla (built 1993).
The vessels have been sold to three different buyers for a total
consideration of approximately USD 63 million.
The profit of the sales amounts to approximately USD 35 million
before tax. This profit shall be added to our latest guidance of
27 April 2006 of USD 155-175 million before tax.
The sale of the vessels have taken place as a consequence of the
Company's Strategy Greater Earning Power whereby these older
vessels are sold as part of the planned fleet renewal in the Bulk
Division.
Following delivery of the three vessels, TORM's owned fleet will
consist of 30 product tankers and 5 dry bulk vessels.
Contact A/S Dampskibsselskabet TORM Telephone +45 39 17 92 00
Tuborg Havnevej 18 Klaus Kjaerulff, CEO
DK-2900 Hellerup - Denmark
About TORM TORM is one of the World's leading carriers of refined oil
products and has significant activities in the bulk market. The
Company operates close to 100 modern and secure vessels, most of
them in pool co-operation with other respected shipping
companies, sharing TORM's commitment to safety, environmental
responsibility and customer service.
TORM was founded in 1889 and has constantly adapted itself and
benefited from the significant changes characterizing shipping.
The Company conducts business all over the World and is
headquartered in Copenhagen, Denmark. TORM's shares are listed in
Copenhagen (ticker TORM) as well as on NASDAQ (ticker TRMD). For
more information, visit www.torm.com.
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SAFE HARBOUR STATEMENT - FORWARD LOOKING STATEMENTS
Matters discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect to future
events and financial performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts.
The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical operating
trends, data contained in our records and other data available from third
parties. Although TORM believes that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, TORM cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, changes in charter hire rates and
vessel values, changes in demand for "tonne miles" of crude oil carried by oil
tankers, the effect of changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, changes in demand that may affect
attitudes of time charterers to scheduled and unscheduled dry-docking, changes
in TORM's operating expenses, including bunker prices, dry-docking and insurance
costs, changes in governmental rules and regulations including requirements for
double hull tankers or actions taken by regulatory authorities, potential
liability from pending or future litigation, domestic and international
political conditions, potential disruption of shipping routes due to accidents
and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by TORM with the
US Securities and Exchange Commission, including the TORM Annual Report on Form
20-F and its reports on Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
A/S STEAMSHIP COMPANY TORM
(registrant)
Dated July 31, 2006 By: /s/ Klaus Kjaerulff
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Klaus Kjaerulff
CEO
SK 03810 0001 690306