1、 ANNUAL REPORT 2019 TORM ANNUAL REPORT 2019 CONTENTS 2 STRATEGIC REPORT AT A GLANCE Financial Highlights 4 CSR Highlights 5 One TORM, A Strong Platform 6 Chairmans Statement 7 RESULTS Key Figures 9 The Year in Review 11 Outlook 2020 14 Statement by the Executive Director 17 STRATEGY Strategic Ambiti
2、ons and Business Model 19 MARKET Value Chain in Oil Transportation 22 The Product Tanker Market 23 IMO 2020 Sulfur Regulaltion 28 Key Performance Indicators 31 The TORM Fleet 32 RISK consequently, the market risk related to freight rates and bunker prices remains high. RISK MANAGEMENT TORM ANNUAL RE
3、PORT 2019 RISK thus, a ballast voyage will give 0 (zero) in ton- nm. CO2 emission per ton-nm is the full CO2 emissions on board all vessels divided by the ton-nm for all voyages; thus, it includes emissions from ballast voyages, electricity production, inserting, cargo operations, etc. ENVIRONMENT -
4、 REPORTING TORM ANNUAL REPORT 2019 OUR RESPONSIBILITY 53 GREEN HOUSE GAS EMISSIONS DATA 2019 2018 VESSEL EMISSIONS AND INDICATORS Number of vessels in operation at the end of the year (in technical management) 73 72 Number of vessel months (one vessel one year equals 12 vessel months) 891 932 Used h
5、eavy fuel oil (ton) 348,972 375,196* Used low-sulfur heavy fuel oil (ton) 12,174 152 Used marine gas oil (ton) 55,374 64,255* Generated CO2 emissions from vessels (ton) 1,301,722 1,374,835* Distance sailed (nautical miles) 4,045,457 4,129,589* Average cargo on board (ton) 36,628 36,914* Cargo transp
6、ort work (ton-nautical miles) 114,715,104,800 112,462,924,810* CO2 emissions in grams per ton-nautical miles (one ton of cargo transported one nautical mile) 11.35 12.22* OFFICE EMISSIONS AND INDICATORS (ELECTRICITY AND HEATING) Electricity used in office locations (kWh) 702,850 823,844 District hea