Torm reported a record second-quarter net profit of $338 million as global shipping disruptions drove stronger freight rates. EBITDA reached $416 million, slightly below the $419.50 million average estimate from four analysts. The Denmark-based product tanker operator raised its 2026 time charter equivalent (shipping revenue adjusted for voyage costs) earnings guidance to $1.4 billion-$1.6 billion from $1.15 billion-$1.45 billion, and lifted its EBITDA forecast to $1 billion-$1.2 billion from $800 million-$1.1 billion. Torm said 70% of its 2026 earning days are fixed at an average rate of $45,391 per day. The company attributed the performance to disruptions in global oil trade flows caused by the Middle East conflict and the closure of the Strait of Hormuz, as well as route inefficiencies created by fluctuating transit conditions and the substitution of Middle Eastern oil with U.S. barrels. A larger fleet and more earning days also supported results.