<SEC-DOCUMENT>0000919574-19-005430.txt : 20190815
<SEC-HEADER>0000919574-19-005430.hdr.sgml : 20190815
<ACCEPTANCE-DATETIME>20190815160830
ACCESSION NUMBER:		0000919574-19-005430
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		50
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190815
DATE AS OF CHANGE:		20190815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORM plc
		CENTRAL INDEX KEY:			0001655891
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38294
		FILM NUMBER:		191030346

	BUSINESS ADDRESS:	
		STREET 1:		BIRCHIN COURT
		STREET 2:		20 BIRCHIN LANE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3V 9DU
		BUSINESS PHONE:		44 203 286 6222

	MAIL ADDRESS:	
		STREET 1:		BIRCHIN COURT
		STREET 2:		20 BIRCHIN LANE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3V 9DU

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TORM Ltd
		DATE OF NAME CHANGE:	20151125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Admiral Ltd
		DATE OF NAME CHANGE:	20151016
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d8352776_6-k.htm
<TEXT>
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    <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <div style="text-align: center; margin-left: 9pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">For the month of August 2019</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">Commission File Number 001-38294</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">TORM plc</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;"><font style="background-color: #FFFFFF;">Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom</font></div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">(Address of principal executive offices)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private
      issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the
      registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
      subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Attached to this Report on Form 6-K as Exhibit 99.1 is the report of TORM plc (the "Company")&#160;of&#160;its interim results for the second quarter and half year ended June 30, 2019.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Attached to this Report on Form 6-K as Exhibit 99.2 is a copy of the press release of the Company, dated August 15, 2019, announcing the Company's interim results for&#160;the second quarter and half year ended June 30, 2019.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">
      <div style="font-family: 'Times New Roman',Times,serif;">The information contained in Exhibit 99.1 of this Report on Form 6-K, except for the commentary of Jacob Meldgaard, the section entitled &#8220;The Product Tanker Market&#8221;
        and the section entitled &#8220;Responsibility Statement&#8221;, is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-228878) that was filed with the U.S. Securities and Exchange Commission effective February
        12, 2019.</div>
    </div>

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    <div style="text-align: center; text-indent: 36pt; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000;">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.</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="width: 50%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">TORM PLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">
            <div>Dated: August 15, 2019</div>
          </td>
          <td colspan="3" style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 10.71%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 30.64%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>/s/ Jacob Meldgaard</div>
          </td>
          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 10.71%; vertical-align: top;">&#160;</td>
          <td style="width: 30.64%; vertical-align: top;">
            <div>Jacob Meldgaard</div>
          </td>
          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 10.71%; vertical-align: top;">&#160;</td>
          <td style="width: 30.64%; vertical-align: top;">
            <div>Executive Director and Principal Executive Officer</div>
          </td>
          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 10.71%; vertical-align: top;">&#160;</td>
          <td style="width: 30.64%; vertical-align: top;">&#160;</td>
          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 10.71%; vertical-align: top;">&#160;</td>
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          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d8352776_ex99-1.htm
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
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  <div style="text-align: center;"> <img src="image00006.jpg"></div>
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    <div style="line-height: 14.4pt;">
      <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">HIGHLIGHTS</div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <div style="line-height: 14pt; color: #003A78; font-family: 'Gotham Book', Calibri, monospace;"><img width="23" height="18" src="image1.jpg"> <font style="font-size: 11pt;">TORM&#8217;s results in the first half of 2019 reflect the Company&#8217;s strong
          operating performance relative to its peers and our focus on maintaining efficient operations and a low cost base. Our profit before tax of USD 28.7m in the first half of 2019 represented the strongest half-year result in three years, and we are
          pleased to be able to generate a profit also in the second quarter of year that has been negatively impacted by an unusually high and prolonged refinery maintenance period,&#8220; says Executive Director Jacob Meldgaard and adds: &#8220;We believe the IMO
          2020 regulation will drive increased demand for product tankers and that TORM is well positioned to take advantage of these new market dynamics.&#8221;</font></div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z18bc4b14b35745848cb9ca43c012c1d1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 16.04%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">RESULT</div>
            </td>
            <td style="width: 83.96%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">EBITDA<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> for the second quarter of 2019 was USD 40.6m (2018, same period: USD 29.4m). The profit before tax amounted to USD 5.2m (2018, same period:
                loss of USD 8.6m). Cash flow from operating activities was positive at USD 37.6m in the second quarter of 2019 (2018, same period: USD 25.1m), and earnings per share (EPS) was 7 cents (2018, same period: loss per share of 12 cents). Return
                on Invested Capital<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> (RoIC) was 3.9% (2018, same period: 0.1%).</div>
              <div style="line-height: 12.5pt;"><font style="line-height: 12.5pt;">&#160;</font></div>
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">EBITDA for the half year ended 30 June 2019 was USD 102.1m (2018, same period: USD 66.7m). The profit before tax for the first six months of 2019 amounted to USD
                28.7m (2018, same period: loss of USD 7.5m). Cash flow from operating activities was positive with USD 93.0m in the first six months of 2019 (2018, same period: USD 43.0m), and earnings per share (EPS) was 38 cents (2018, same period: loss
                per share of 12 cents). Return on Invested Capital (RoIC) was 6.2% (2018, same period: 1.2%).</div>
              <div style="line-height: 12.5pt;"><font style="line-height: 12.5pt;">&#160;</font></div>
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The Board of Directors has considered the Company&#8217;s options and believes that at this time the continued modernization of the fleet through newbuildings,
                purchase of modern second-hand tonnage and scrubber installations will provide for the optimal capital allocation.</div>
            </td>
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            <td style="width: 83.96%; vertical-align: top;">&#160;</td>
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            <td style="width: 16.04%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">MARKET CONDITIONS</div>
            </td>
            <td style="width: 83.96%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">In the second quarter of 2019, TORM achieved TCE rates of USD/day 15,405 (2018, same period: USD/day 12,944). The product tanker freight rates started the first
                quarter of 2019 at strong levels, last seen in 2016, before softening throughout the quarter as spring refinery maintenance gained pace. Refinery maintenance in the second quarter was particularly pronounced, and coupled with a series of
                unplanned outages, the volume of global refinery capacity that was offline was 23% higher than during the same period last year.</div>
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      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <br>
      <br>
      <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> See Glossary on pages 24-28 for a definition of EBITDA.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> See Glossary on pages 24-28 for a definition of RoIC.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
      </div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> </div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt;">
          <div><br>
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                  <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                </td>
                <td style="width: 3.89%; vertical-align: top;">
                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">1</div>
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      </div>
      <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">HIGHLIGHTS</div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z0343edf620664d68b1054505ca90bbe5" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 16.04%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">VESSEL TRANSACTIONS AND FINANCING</div>
            </td>
            <td style="width: 83.96%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">During the second quarter of 2019, TORM has purchased four modern 2011-built MR vessels for a total consideration of USD 83m. The vesselsare expected to be
                delivered during August 2019. To finance the purchase and to support TORM&#8217;s solid capital structure, TORM has entered into six sale and leaseback transactions, which are expected to be executed during the third quarter of 2019. The
                transactions cover:</div>
              <div style="line-height: 12.5pt;"><font style="line-height: 12.5pt;">&#160;</font></div>
              <div style="text-indent: -17.55pt; margin-left: 17.55pt; line-height: 12.5pt;"><font style="font-family: 'Times New Roman',Times,serif;">&#8226;</font>&#160;&#160;&#160;&#160; <font style="font-family: 'Gotham Light',Calibri,monospace;">Four recently purchased
                  2011-built MR vessels providing proceeds of USD 66m. The transaction is with a Chinese counterpart and includes a purchase obligation in 2025</font></div>
              <div style="line-height: 12.5pt;"><font style="line-height: 12.5pt;">&#160;</font></div>
              <div style="text-indent: -17.55pt; margin-left: 17.55pt; line-height: 12.5pt;"><font style="font-family: 'Times New Roman',Times,serif;">&#8226;</font>&#160;&#160;&#160;&#160; <font style="font-family: 'Gotham Light',Calibri,monospace;">The MR vessels TORM Torino and
                  TORM Titan (both 2016-built) are providing total proceeds of USD 52m, and in connection with the transactions, USD 18m of the existing debt will be repaid. The transactions are with two separate Japanese counterparts and include a
                  purchase obligation in 2024 for TORM Torino and in 2026 for TORM Titan</font></div>
              <div style="line-height: 12.5pt;"><font style="line-height: 12.5pt;">&#160;</font></div>
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">TORM also took delivery of two MR newbuildings during the second quarter of 2019, sold the MR vessel TORM Gunhild (built in 1999) for a consideration of USD 6m
                and repaid debt of USD 4m in connection with the vessel sale. The vessel has been delivered to the new owners. After the quarter ended on 30 June 2019, TORM has taken delivery of one MR newbuilding and sold two additional vessels, the MR
                vessel TORM San Jacinto (built in 2002) and the Handy vessel TORM Saone (built in 2004), for a total consideration of USD 16m. TORM will repay debt of USD 9m in connection with the vessel sales and expects to deliver the vessels to the new
                owners during the third quarter of 2019.</div>
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            <td style="width: 16.04%; vertical-align: top;">&#160;</td>
            <td style="width: 83.96%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">IMO 2020 SULFUR<font style="font-family: 'Gotham Light',Calibri,monospace;">&#160;</font>REGULATION</div>
            </td>
            <td style="width: 83.96%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The implementation deadline for the IMO 2020 sulfur regulation is approaching, and the shipping industry has to comply with the new regulation either by reducing
                sulfur emissions with scrubbers or by using compliant fuels. TORM&#8217;s joint venture ME Production China, a joint venture with ME Production, a leading scrubber manufacturer, and Guangzhou Shipyard International (GSI), which is part of the
                China State Shipbuilding Corporation Group, has provided us with the flexibility to make timely decisions on retrofit installations as we developed our compliance strategy. With close to half of the fleet being retrofitted with scrubbers
                and half of the fleet using compliant fuels, TORM has a balanced approach to the new regulation. We have developed customized schedules for the vessels that will be using compliant fuels from 1 January 2020. As of 15 August 2019, TORM has
                conducted six scrubber installations, and by 1 January 2020, 28 out of 34 scheduled installations are expected to be finalized, with the remaining six consisting of three newbuilding deliveries and three retrofit installations.</div>
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              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">VESSEL VALUES</div>
            </td>
            <td style="width: 83.96%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Based on broker valuations, TORM&#8217;s fleet including newbuildings and recently purchased second-hand vessels had a market value of USD 1,735.6m as of 30<font style="font-family: 'Gotham Medium',Calibri,monospace;">&#160;</font>June 2019. Compared to broker valuations as of 31 March 2019, the market value of the fleet increased by USD 75m (~5%), when adjusted for sold and purchased vessels.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
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          <div><br>
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              <tr>
                <td style="width: 96.11%; vertical-align: top;">
                  <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                </td>
                <td style="width: 3.89%; vertical-align: top;">
                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">2<br>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">&#160;</div>
      </div>
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        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">HIGHLIGHTS</div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd65467f9802747799d8e8e98599d5cd6" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 16%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">LIQUIDITY</div>
            </td>
            <td style="width: 84%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM&#8217;s available liquidity was USD 366.9m consisting of USD 106.4m in cash, USD 214.6m in undrawn credit facilities and USD 45.9m in undrawn
                credit facilities subject to documentation. This excludes the estimated impact of USD 99.0m from the six sale and leaseback transactions to be concluded in the third quarter of 2019. As of 30 June 2019, net interest-bearing debt<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>
                amounted to USD 622.7m, and TORM's net loan-to-value (LTV)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> ratio was 51%.</div>
            </td>
          </tr>
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            <td style="width: 16%; vertical-align: top;">&#160;</td>
            <td style="width: 84%; vertical-align: top;">&#160;</td>
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            <td style="width: 16%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">ORDER BOOK AND CAPEX</div>
            </td>
            <td style="width: 84%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The book value of TORM&#8217;s fleet was USD 1,471.6m as of 30 June 2019 excluding outstanding installments on newbuildings of USD 271.4m. The outstanding installments
                include payments for scrubbers related to these vessels. TORM also has CAPEX commitments of USD 32.5m for retrofit scrubber installations. As of 30 June 2019, TORM&#8217;s order book stood at 11 vessels, including seven newbuildings &#8211; two LR1 and
                five MR vessels &#8211; and four MR second-hand vessels. The newbuildings are expected to be delivered in 2019 and the first quarter of 2020.</div>
            </td>
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          <tr>
            <td style="width: 16%; vertical-align: top;">&#160;</td>
            <td style="width: 84%; vertical-align: top;">&#160;</td>
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            <td style="width: 16%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">NAV AND EQUITY</div>
            </td>
            <td style="width: 84%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Based on broker valuations as of 30 June 2019, TORM&#8217;s Net Asset Value (NAV<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup>) excluding charter commitments was estimated at USD 897m corresponding to
                a NAV/share<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup> of USD 12.1 or DKK 79.8. TORM&#8217;s book equity amounted to USD 864m as of 30 June 2019 corresponding to a book equity/share<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup> of USD 11.7 or DKK 76.9. During the second quarter of 2019, TORM has upon request
                from certain warrantholders cancelled 10,089 warrants. TORM now has 4,701,864 warrants outstanding.</div>
            </td>
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            <td style="width: 16%; vertical-align: top;">&#160;</td>
            <td style="width: 84%; vertical-align: top;">&#160;</td>
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            <td style="width: 16%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">MANAGEMENT AND BOARD UPDATE</div>
            </td>
            <td style="width: 84%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Mr.<font style="font-family: 'Gotham Medium',Calibri,monospace;">&#160;</font>Kim Balle has been appointed Chief Financial Officer (CFO) of TORM A/S. Mr. Balle has a
                background from the financial sector, where he held a position as Head of Corporate Banking in Danske Bank. In addition, Mr. Balle has been Group CFO in DLG and currently holds a position as Group CFO in the private equity-owned CASA A/S.
                Mr. Balle will take up the position as CFO of TORM on 1 December 2019. In addition, TORM has appointed Ms. Annette Malm Justad as Board Observer. Ms. Justad has significant managerial experience and has previously served as CEO of Eitzen
                Maritime Services. Ms. Justad currently holds several director positions including Chairman of American Shipping Company ASA and Board member of Awilco LNG. As Board Observer, Ms. Justad will attend the Board meetings from August 2019<font style="font-family: 'Gotham Medium',Calibri,monospace;">.</font></div>
            </td>
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          <tr>
            <td style="width: 16%; vertical-align: top;">&#160;</td>
            <td style="width: 84%; vertical-align: top;">&#160;</td>
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            <td style="width: 16%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;">COVERAGE</div>
            </td>
            <td style="width: 84%; vertical-align: top;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, 11% of the remaining total earning days in 2019 were covered at an average rate of USD/day 15,197. As of 12 August 2019, 60% of the total
                earning days in the third quarter of 2019 were covered at USD/day 13,636. 31% of the total earning days in the second half of 2019 were covered at USD/day 13,738.</div>
            </td>
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      </table>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
      </div>
      <br>
      <br>
      <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> See Glossary on pages 24-28 for a definition of net interest-bearing debt.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> See Glossary on pages 24-28 for a definition of loan-to-value.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup> See Glossary on pages 24-28 for a definition of NAV.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup> See Glossary on pages 24-28 for a definition of NAV/share.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup> See Glossary on pages 24-28 for a definition of Book equity/share.</div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
      </div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
        <br>
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            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
              </td>
              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">3<br>
                </div>
              </td>
            </tr>

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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z25b65828a30a4b11b1ec0d3b841f64fb" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 30.88%; vertical-align: top; background-color: rgb(109, 109, 109);">
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-size: 11pt; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">SAFE HARBOR STATEMENTS AS TO
                  THE FUTURE</div>
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">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 statements other than statements of historical facts. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221;
                  and similar expressions generally identify forward-looking statements.</div>
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">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&#8217;s examination of historical operating trends, data contained in our records and other data available
                  from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to
                  predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs or projections.</div>
                <div style="line-height: 11.4pt; font-weight: normal; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-style: normal; font-variant: normal; text-transform: none;"><font style="line-height: 11.4pt;">&#160;</font></div>
              </td>
              <td style="width: 3.8%; vertical-align: top; background-color: rgb(109, 109, 109);">&#160;</td>
              <td style="width: 30.74%; vertical-align: top; background-color: rgb(109, 109, 109); font-weight: normal; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-style: normal; font-variant: normal; text-transform: none;">
                <div style="line-height: 11.4pt;">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 the world economy and currencies, general
                  market conditions, including fluctuations in charter hire rates and vessel values, changes in demand for &#8220;ton-miles&#8221; of oil carried by oil tankers and changes in demand for tanker vessel capacity, the effect of changes in OPEC&#8217;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&#8217;s operating expenses, including bunker prices,
                  dry-docking and insurance costs, changes in the regulation of shipping operations, including 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, political events including &#8220;trade wars,&#8221; or acts by terrorists.</div>
              </td>
              <td style="width: 3.8%; vertical-align: top; background-color: rgb(109, 109, 109);">&#160;</td>
              <td style="width: 30.78%; vertical-align: top; background-color: rgb(109, 109, 109);">
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">In light of these risks and uncertainties, you
                  should not place undue reliance on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of
                  our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.</div>
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>
                <div style="line-height: 11.4pt; color: rgb(255, 255, 255); font-family: 'Gotham Light',Calibri,monospace; font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Except to the extent required by applicable law
                  or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or&#160; circumstances after the date of this release or to reflect the occurrence of
                  unanticipated events. Please&#160; see TORM&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties.</div>
                <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;">&#160;</font></div>
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      <div><br>
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      <div><br>
      </div>
    </div>
    <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;"><font style="font-size: 10pt;"> </font>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
        <div><br>
        </div>
        <br>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
              </td>
              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">4<br>
                </div>
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    </div>
    <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">KEY FIGURES</div>
    <br>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <div style="float: left; width: 48%;" id="EFPFTCL">
      <div>
        <table cellspacing="0" cellpadding="0" id="z495249f4d3fa44408f0d3e95e7414651" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1-Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1-Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">FY 2018</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">INCOME STATEMENT</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Revenue</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;166.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;163.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;352.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;326.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;635.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Time charter equivalent earnings (TCE) &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;98.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;90.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;214.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;186.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;352.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Gross profit &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;55.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;41.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;128.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;90.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;169.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">EBITDA &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;40.6</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;29.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">102.1</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;66.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;120.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating profit (EBIT)</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;14.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;0.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;46.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;9.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;2.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Financial items</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-9.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-9.1</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-17.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-17.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-36.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Profit/(loss) before tax</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;5.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.6</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;28.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-7.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-33.2</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Net profit/(loss) for the year/period</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;5.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;28.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-34.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">BALANCE SHEET</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Non-current assets</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,484.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,452.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,484.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,452.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,445.1</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Total assets</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,718.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,743.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,718.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,743.5</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,714.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Equity</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;864.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;882.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;864.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;882.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;847.2</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Total liabilities</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;853.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;861.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;853.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;861.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;867.2</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Invested capital &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,482.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,475.1</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,482.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,475.1</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,469.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Net interest-bearing debt &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;622.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;598.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;622.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;598.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;627.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;106.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">159.1</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;106.4</div>
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                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">159.1</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;127.4</div>
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            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td style="width: 100%; vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="6">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> For definition of the calculated key figures, please refer
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        &#160;</div>
    </div>
    <div style="float: right; width: 48%;" id="EFPFTCR">
      <div>
        <table cellspacing="0" cellpadding="0" id="zc6ee8feb457f4a0d85df6663af3bcec6" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1-Q2 2019</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1-Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">FY 2018</div>
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            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
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                <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">KEY FINANCIAL FIGURES &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Margins:</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;TCE</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">59.1%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">55.4%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">60.9%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">57.2%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">55.4%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;Gross profit</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">33.1%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">25.7%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">36.5%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">27.8%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">26.6%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;EBITDA</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">24.4%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">18.0%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">28.9%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">20.4%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">19.1%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;Operating profit</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">8.5%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0.3%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">13.2%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">2.9%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0.5%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Return on Equity (RoE)</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">2.4%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-4.3%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6.6%</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-2.0%</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-4.3%</div>
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            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Return on Invested Capital (RoIC)</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3.9%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0.1%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6.2%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">1.2%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0.1%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Equity ratio</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">50.3%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">50.6%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">50.3%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">50.6%</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">49.4%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
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                <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">SHARE-RELATED KEY FIGURES &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Basic earnings/(loss) per share</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;0.07</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-0.12</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;0.38</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-0.12</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.48</div>
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            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Diluted earnings/(loss) per share</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;0.07</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-0.12</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;0.38</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-0.12</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.48</div>
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            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">12.1</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">11.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">12.1</div>
              </td>
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                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">11.4</div>
              </td>
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                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">11.6</div>
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                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Stock price in DKK, end of period &#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;57.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;50.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;57.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;50.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;43.9</div>
              </td>
            </tr>
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                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Number of shares end of period (million) &#8308;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Number of shares weighted avg. (million) &#8308;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;73.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;68.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;73.1</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="6">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> For definition of the calculated key figures, please refer
                  to the Glossary on pages 24-28.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="6">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> Based on broker valuations as of 30 June 2019, excluding
                  charter commitments.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="6">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> Stock price on Nasdaq in Copenhagen.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="6">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#8308;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> Excluding treasury shares.</div>
              </td>
            </tr>

        </table>
        &#160;</div>
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            <tr>
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                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
              </td>
              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">5<br>
                </div>
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    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">THE PRODUCT TANKER MARKET</div>
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        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Product tanker freight rates softened in the second quarter of 2019 particularly due to heavy refinery maintenance and unplanned outages. In general, freight rates
          were slightly stronger in the eastern than in the western hemisphere.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">In the second quarter of 2019, the demand for oil products was affected by weaker macroeconomic activity. Diesel demand was also impacted by lower agricultural demand
          in the US due to floodings. Refinery maintenance was particularly pronounced, and coupled with a series of unplanned outages, the volume of global refinery capacity that was offline was 23% higher than in the same period last year. While
          refineries in the US gradually returned from maintenance, maintenance peaked in Asia, being 47% higher year on year. In Europe, offline capacity was up 34% also impacted by a number of unplanned outages. Refinery margins remained under seasonal
          averages throughout the quarter, with Asia in particular seeing strong downside pressure from newbuilt refineries commencing crude runs.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Product tanker freight rates in the western markets were volatile, affected by a series of unplanned refinery outages on both sides of the Atlantic Basin. The second
          quarter started with healthy transatlantic gasoline flows, supported by unplanned outages at several gasoline producing units in the US. In mid-April, a crude oil contamination in the Druzhba pipeline in Russia disrupted work at a number of
          Eastern and Central European refineries, resulting in tightness in gasoline markets with negative impacts for the product tanker market. As gasoline was drawn from the Amsterdam-Rotterdam-Antwerp (ARA) area to inland, the gasoline arbitrage
          window between Europe and the US closed (and even reversed). At the end of the quarter, a fire at the largest refinery on the US East Coast and the subsequent announcement of permanent clousure</div>
        &#160;</div>
    </div>
    <div style="float: left; width: 32%; margin-left: 1%;" id="EFPFTCL">
      <div><font style="font-family: 'Gotham Light',Calibri,monospace; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">of the refinery pushed gasoline prices
          higher in New York and once again opened the transatlantic gasoline arbitrage, which impacted the product tanker market positively. On the longer-haul flows, gasoline flows from Europe to the East were low as a result of a combination of limited
          cargo availability in Europe and abundant supply in Asia.</font>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">In the East, long-haul diesel flows from East Asia to West of Suez dropped significantly from the record levels seen in the first quarter, driven by a heavy refinery
          maintenance season in Asia. This was partly offset by increased CPP exports from the Middle East as refineries in the region returned from maintenance. However, crude newbuildings continued to take a significant part of the East to West diesel
          trade in June, and attacks on vessels near the Strait of Hormuz increased the geopolitical tensions in the Middle East and disrupted vessel traffic in and out of the area. The uncertainty surrounding supplies and logistics as well as increasing
          shipping cost from the Middle East due to war risk insurance and other precautionary measures by owners resulted in a slowdown in Middle East exports.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The global product tanker fleet (above 25,000 dwt) grew by 1.2% in the second quarter of 2019 (source: TORM). This was down from the 1.6% pace in the first quarter.</div>
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        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">During the second quarter of 2019, TORM&#8217;s product tanker fleet realized average TCE earnings of USD/day 15,405 (19% up year on year), and split per vessel class:</div>
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                <tr>
                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">LR2 fleet at USD/day 17,894 (26% up year on year)</div>
                  </td>
                </tr>

            </table>
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          <div>
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                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">LR1 fleet at USD/day 14,582 (28% up year on year)</div>
                  </td>
                </tr>

            </table>
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                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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                    <div style="font-family: 'Gotham Light',Calibri,monospace;">MR fleet at USD/day 15,163 (17% up year on year)</div>
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            </table>
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        &#160;</div>
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              <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Gotham Light',Calibri,monospace;">Handysize fleet at USD/day 12,882 (8% up year on year)</div>
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        </table>
        &#160;</div>
      <div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">TORM&#8217;s gross profit for the second quarter of 2019 was USD 55.0m (2018, same period: USD 41.9m).</div>
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        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace; font-weight: bold;">Outlook</div>
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                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM had covered 11% of the remaining earning days in 2019 at USD/day 15,197</div>
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                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">As of 12 August 2019, TORM had covered 60% of the remaining&#160; earning days in the third quarter of 2019 at USD/day 13,636 and 31% of the remaining earning days in 2019 at
                      USD/day 13,738</div>
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            </table>
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                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">As 9,063 earning days in 2019 are unfixed as of 12 August 2019, a change in freight rates of USD/day 1,000 will impact the full-year profit before tax by USD 9.1m</div>
                  </td>
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            </table>
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        </div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Coverage data and operational data per vessel type are shown in the tables on the following two pages.</div>
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      &#160;<br>
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      </div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
              </td>
              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">6<br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="line-height: 12.5pt;">
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 100%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 14.4pt;">
                <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">COVERED AND CHARTERED-IN DAYS IN TORM &#8211; DATA AS OF 30 JUNE 2019</div>
              </div>
            </td>
          </tr>

      </table>
      <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 6pt;"> <br>
      </div>
      <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 6pt;"> <br>
      </div>
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="float: left; width: 48%;" id="EFPFTCL">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2019</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2020</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2021</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Owned days</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,894</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3,962</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3,936</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,213</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3,274</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3,265</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">8,830</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;19,851</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">20,027</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;890</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,795</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,815</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;12,827</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">28,882</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">29,044</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Charter-in and leaseback days at fixed rate</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">183</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;324</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;363</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;366</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;668</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;726</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;549</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;993</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;1,089</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Total physical days</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">2,077</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,286</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,299</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,213</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3,274</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">3,265</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;9,196</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;20,519</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">20,753</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;890</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,795</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,815</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;13,376</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">29,875</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;30,133</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>

        </table>
        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">Fair value of freight rate contracts that are mark-to-market in the income statement:</div>
        <div style="text-indent: 0pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">Contracts not included above: USD -0.5m</div>
        <div style="text-indent: 0pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">Contracts included above: USD -0.1m</div>
        &#160;</div>
      <div> <br>
      </div>
    </div>
    <div style="float: right; width: 48%;" id="EFPFTCR">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2019</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2020</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2021</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Covered, %</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">26%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">16%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">2%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">9%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">1%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">8%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">1%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">11%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">3%</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">0%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Covered days</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;533</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;697</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;69</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;53</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">861</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;274</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;75</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">10</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;1,521</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;980</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;69</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Coverage rates, USD/day</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,495</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;16,143</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,800</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">11,100</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,922</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;21,906</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,733</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;27,168</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;15,197</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;17,860</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;15,800</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>

        </table>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">Actual no. of days can vary from projected no. of days primarily due to vessel sales and delays of vessel deliveries.
          <div><br>
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        </div>
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        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
      </div>
    </div>
    <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
      <div><br>
      </div>
      <br>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 96.11%; vertical-align: top;">
              <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
            </td>
            <td style="width: 3.89%; vertical-align: top;">
              <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">7<br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 0pt;"><br style="line-height: 0pt;">
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">EARNINGS DATA</div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"> <br>
      </div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"> <br>
      </div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"> <br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zea1c5727f0fe4a53a998d2286614ed32" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USD</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2018</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q3 2018</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q4 2018</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1 2019</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2019</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Change Q2 18 - Q2 19</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">12-month avg.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">LR2 vessels</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Available earning days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,089</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">917</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,009</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,045</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,069</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-2%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Spot rates &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,393</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;12,930</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,492</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;23,431</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;18,604</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">63%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;18,008</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">TCE per earning day &#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;14,190</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,420</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;17,162</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">22,469</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;17,894</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">26%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;18,333</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,154</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,034</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,090</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,080</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,092</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-5%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses per operating day &#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,765</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;6,081</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,230</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,392</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,698</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-1%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,354</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">LR1 vessels</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Available earning days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;628</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;640</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;587</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;590</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;589</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-6%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Spot rates &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,805</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;10,126</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,403</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;17,991</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,365</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">30%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,567</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">TCE per earning day &#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,403</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,485</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,534</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;18,089</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,582</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">28%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,606</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;637</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;644</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;644</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;630</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;637</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses per operating day &#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;7,166</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,807</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,328</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,508</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,627</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-8%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,568</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">MR vessels</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Available earning days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,624</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,502</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,564</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;4,414</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,267</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-8%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Spot rates &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;12,272</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">9,569</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,072</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;16,768</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,429</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">26%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">13,911</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">TCE per earning day &#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;13,005</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;10,051</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;13,993</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;16,765</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;15,163</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">17%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;13,964</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,732</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,784</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,683</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,453</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">4,402</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-7%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses per operating day &#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,434</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;6,173</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;6,160</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,473</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,564</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">2%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,336</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Handy vessels</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Available earning days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;637</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;643</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;524</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;450</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;453</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-29%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Spot rates &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,708</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">7,070</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">9,497</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;19,492</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;12,864</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">10%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,627</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">TCE per earning day &#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11,887</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,669</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">9,306</div>
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          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;18,875</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;12,882</div>
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          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">8%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">11,351</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;637</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;644</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;562</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;454</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;455</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-29%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses per operating day &#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,665</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,080</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,090</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;6,251</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,390</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-4%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;6,186</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Tanker segment</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Available earning days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,978</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,702</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,684</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,499</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,378</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-9%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Spot rates &#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;12,193</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;9,919</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;13,961</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;17,897</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,652</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">28%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,263</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">TCE per earning day &#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;12,944</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;10,598</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;14,152</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;17,949</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;15,405</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">19%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14,489</div>
          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating days</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;7,160</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;7,106</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,979</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;6,617</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,586</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-8%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses per operating day &#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font></div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,573</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,209</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;6,181</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,448</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,580</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0%</div>
          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6,349</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="8">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#185;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> Spot rates = Time Charter Equivalent Earnings for all charters
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          </td>
        </tr>
        <tr>
          <td style="width: 56.42%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#178;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> TCE = Time Charter Equivalent Earnings = Gross freight income
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          </td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="8">
            <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light',Calibri,monospace;">&#179;<font style="font-family: 'Cambria Math',serif;">&#8318;</font> Operating expenses are related to owned vessels.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt;">
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
        <div><br>
        </div>
        <br>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
              </td>
              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">8<br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">TORM FLEET DEVELOPMENT</div>
    <div style="line-height: 12.5pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 8.5pt; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 12.5pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 8.5pt; font-weight: bold;"> <br>
    </div>
    <div style="float: left; width: 48%;" id="EFPFTCL">
      <div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace; font-weight: bold;">TORM FLEET DEVELOPMENT</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The table shows TORM&#8217;s operating fleet. In addition to the 70 owned product tankers on the water, TORM has as of 30 June 2019 leased and chartered-in three product
          tankers.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM had seven newbuildings on order including two LR1 vessels and five MR vessels with expected delivery in 2019 and the first quarter of 2020. In
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        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Subsequent to the end of the second quarter of 2019, TORM has sold one MR vessel and one Handy vessel and entered into two sale and leaseback agreements for existing
          MR vessels. These transactions are all reflected in the table.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        &#160;</div>
    </div>
    <div style="float: right; width: 48%;" id="EFPFTCR">
      <div>
        <table cellspacing="0" cellpadding="0" id="zd135acec185a449eb8326242e1a6ce2d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Q1 2019</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Changes</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2019</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Changes</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2019</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Changes</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2020</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Changes</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2021</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Owned vessels</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">11</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;11</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;11</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">7</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">7</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">8</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">9</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">9</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">47</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">47</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">47</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">49</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">49</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">5</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">5</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">4</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">4</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">70</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">70</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">70</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">73</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">73</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Sale and leaseback vessels</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">LR2</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">LR1</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">MR</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;6</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">8</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">8</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Handysize</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Total</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;6</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">9</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">9</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">9</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
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              <td style="width: 7.68%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 30.82%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Total fleet</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">73</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">73</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;6</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">79</div>
              </td>
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                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3</div>
              </td>
              <td style="width: 7.69%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">82</div>
              </td>
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                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-</div>
              </td>
              <td style="width: 7.68%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">82</div>
              </td>
            </tr>

        </table>
        &#160;</div>
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        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
          <div><br>
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          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 96.11%; vertical-align: top;">
                  <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                </td>
                <td style="width: 3.89%; vertical-align: top;">
                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">9<br>
                  </div>
                </td>
              </tr>

          </table>
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        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">&#160;</div>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">FINANCIAL REVIEW</div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
    </div>
    <div style="float: left; width: 33%;" id="EFPFTCL">
      <div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">INCOME STATEMENT</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The gross profit for the six months ended 30 June 2019 was USD 128.9m (2018, same period: USD 90.7m). The increase was due to higher freight rates along with lower
          operating expenses partly offset by less earning days. Average TCE rate for the six months ended 30 June 2019 was USD/day 16,689 compared to USD/day 13,575 in the same period in 2018. Available earning days were 12,877 compared to 13,756 in the
          same period in 2018.</div>
        <div style="line-height: 12.5pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Administrative expenses for the six months ended 30 June 2019 were USD 24.7m (2018, same period: USD 24.3m).</div>
        <div style="line-height: 12.5pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Other operating expenses for the six months ended 30 June 2019 were USD 2.4m (2018, same period: USD 0.5). The increase is
          mainly due to a one-off provision covering an exposure related to the operations.</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The result before depreciation (EBITDA) for the six months ended 30 June 2019 was a profit of USD 102.1m (2018, same period: USD 66.7m). The increase is mainly due to
          higher freight rates.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Depreciation for the six months ended 30 June 2019 was USD 53.0m (2018, same period: USD 57.2m). The decrease in depreciation was mainly due to increased residual
          values on the vessels as a consequence of increased steel prices (approx. USD 3m).</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The primary operating result (EBIT) for the six months ended 30 June 2019 was a profit of USD 46.4m (2018, same period: profit of USD 9.5m). The increase was mainly
          due to higher freight rates along with lower operating expenses.</div>
        &#160;</div>
    </div>
    <div style="float: left; width: 32%; margin-left: 1%;" id="EFPFTCL">
      <div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Financial expenses for the six months ended 30 June 2019 were USD 19.9m (2018, same period: USD 19.0m).</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The result after tax for the six months ended 30 June 2019 was a profit of USD 28.4m (2018, same period: loss of USD 8.2m).</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">OTHER COMPREHENSIVE INCOME</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Other comprehensive income for the six months ended 30 June 2019 was a loss of USD 12.2m (2018, same period: income of USD 2.0m). The decrease is mainly due to a
          negative fair value adjustment of hedging instruments &#8211; primarily related to interest swaps. Total comprehensive income for the six months ended 30 June 2019 is an income of USD 16.2m (2018, same period: a loss of USD 6.2m). The development in
          total comprehensive income is primarily driven by an increase in the net profit for the period partly offset by a negative fair value adjustment on hedging instruments.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">ASSETS</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, total assets amounted to USD 1,718.2m.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The carrying value of the fleet including prepayments was USD 1,471.6m as of 30 June 2019, excluding outstanding installments on the LR1 and MR vessels under
          construction and the four MR second-hand vessels of USD 271.4m. Based on broker valuations, TORM&#8217;s fleet including newbuildings and resale vessels had a market value of USD 1,735.6m as of 30 June 2019.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        &#160;</div>
    </div>
    <div style="float: right; width: 33%;" id="EFPFTCR">
      <div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">DEBT</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, net interest-bearing debt amounted to USD 622.7m. As of 30 June 2019, TORM was in compliance with the financial covenants.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">EQUITY</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM&#8217;s equity was USD 864.3m, and TORM held treasury shares equivalent to 0.4% of the Company's share capital.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">LIQUIDITY</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM&#8217;s available liquidity was USD 366.9m and consisted of cash and cash equivalents of USD 106.4m and undrawn credit facilities of USD 260.5m. The
          undrawn credit facilities consisted of a USD 75.0m working capital facility, an available facility of USD 65.9m to finance one new MR vessel and another two MR vessels under construction, a USD 73.7m facility financing two LR1 and one MR vessels
          under construction and a USD 45.9m facility subject to documentation financing two MR vessels under construction. The available liquidity excludes the estimated impact of USD 99m from sale and leaseback transactions related to two existing MR
          vessels and four second-hand MR vessels that TORM has purchased.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM had CAPEX commitments of USD 271.4m all related to the LR1 and MR vessels under construction, including scrubbers related to these vessels and
          the four second-hand vessels. In addition, TORM has CAPEX commitments of USD 32.5m for retrofit scrubber installations.</div>
        &#160;</div>
    </div>
    <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
    </div>
    <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
    </div>
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            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 96.11%; vertical-align: top;">
                    <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                  </td>
                  <td style="width: 3.89%; vertical-align: top;">
                    <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">10</div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">&#160;</div>
        </div>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="float: left; width: 33%;" id="EFPFTCL">
      <div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">CASH FLOW</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Cash flow from operating activities for the six months ended 30 June 2019 amounted to USD 93.0m (2018, same period: USD 43.0m). The increase is primarily driven by a
          higher operating profit.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Cash flow from investing activities for the six months ended 30 June 2019 was USD -78.3m (2018, same period: USD -118.9m). The change is mainly driven by a lower
          newbuilding CAPEX and sale of vessels.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Cash flow from financing activities for the six months ended 30 June 2019 was USD -42.5m (2018, same period: USD 101.8m). The main reason for the high amount in Q1-Q2
          2018 was the January 2018 capital increase (USD 100m) along with a lower amount of net borrowing.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">RELATED PARTY TRANSACTIONS</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">During the six months ended 30 June 2019, TORM&#8217;s transactions with its joint ventures covered CAPEX of a total of USD 11.0m. All transactions were carried out at arm&#8217;s
          length and the outstanding balance as of 30 June 2019 was USD 0.5m.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">RISKS AND UNCERTAINTIES</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">There are a number of potential risks and uncertainties which could have a material impact on the Group&#8217;s performance over the remaining six months of 2019. Risks and
          uncertainties, along with the mitigation measures put in place to reduce risks, remain unchanged from those published in the Annual Report 2018 and are summarized below:</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt;">
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">Tanker freight rates &#8211; The risk of sustained low tanker freight rates or of TORM not being able to predict and act on the development of these. Furthermore, TORM is active in
                      the cyclical product tanker industry where earnings may also be affected by seasonality</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
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          <div>
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                <tr>
                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">Bunker price &#8211; The risk of unexpected bunker price increases not covered by corresponding freight rate increases</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="line-height: 12.5pt;">
          <div>
            <div>&#160;</div>
          </div>
        </div>
        &#160;</div>
    </div>
    <div style="float: left; width: 32%; margin-left: 1%;" id="EFPFTCL">
      <div>
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                <tr>
                  <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">Timing of sale and purchase of vessels &#8211; The risk of TORM not selling and purchasing vessels timely relative to market developments and business requirements</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">For further information and a detailed description of the most significant risks, please refer to Note 19 of the Annual Report 2018.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; color: rgb(0, 58, 120); font-family: 'Gotham Medium',Calibri,monospace;">DIVIDENDS</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The Board of Directors has considered the Company&#8217;s options and believes that at this time the continued modernization of the fleet through newbuildings, purchase of
          modern second-hand tonnage and scrubber installations will provide for the optimal capital allocation. Considering the benefit of the Company&#8217;s combined shareholder and stakeholder base, it has therefore been decided not to distribute dividends
          for the first six months of 2019.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">On behalf of TORM plc</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">
          <div style="line-height: 12pt;"><img width="224" height="112" src="image2.jpg"></div>
        </div>
        &#160;</div>
      <div> <br>
      </div>
      <div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Christopher H. Boehringer</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Chairman of the Board of Directors</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">15 August 2019</div>
      </div>
    </div>
    <div style="float: right; width: 33%;" id="EFPFTCR">
      <div>&#160;</div>
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <br>
    <div style="line-height: 12.5pt;">
      <div>
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z29b4b836df45400bb5bb2f036964e312" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 14.2pt; vertical-align: top; align: right; font-size: 8.5pt;"><br>
              </td>
              <td style="width: auto; vertical-align: top;"><br>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt;"></div>
    <div style="line-height: 12.5pt;">
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
              </td>
              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">11</div>
              </td>
            </tr>

        </table>
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    </div>
    <div style="line-height: 27pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 25pt;">RESPONSIBILITY STATEMENT</div>
    <div style="line-height: 0.7pt;"><br style="line-height: 0.7pt;">
    </div>
    <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
    </div>
    <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
    </div>
    <div style="float: left; width: 33%;" id="EFPFTCL">
      <div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">We confirm that to the best of our knowledge:</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt;">
          <div>
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                <tr>
                  <td style="width: 8.5pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">The condensed consolidated set of financial statements has been prepared in accordance with IAS 34 Interim Financial Reporting as adopted by the EU and as issued by the
                      International Accounting Standards Board (&#8221;IASB&#8221;)</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt;">
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 8.5pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">The interim management report includes a fair review of the information required by DTR 4.2.7R (indication of events during the first three months and description of principal
                      risks and uncertainties for the remaining six months of the year); and</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt;">
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 8.5pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Gotham Light',Calibri,monospace;">The interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related party transactions and changes therein)</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">By order of the Board of Directors</div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;"> <br>
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">
          <div style="line-height: 12pt;"><img width="223" height="112" src="image3.jpg">
            <div><br>
            </div>
            <div>
              <div style="line-height: 12.5pt;">Jacob Meldgaard</div>
              <div style="line-height: 12.5pt;">Executive Director</div>
              <div style="line-height: 12.5pt;">15 August 2019</div>
              <div style="line-height: 12.5pt; font-family: 'Gotham Medium',Calibri,monospace;"><br>
              </div>
            </div>
          </div>
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;"> <br>
        </div>
      </div>
      <div> <br>
      </div>
    </div>
    <div style="float: left; width: 32%; margin-left: 1%;" id="EFPFTCL">
      <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Gotham Light',Calibri,monospace; font-style: normal; font-variant: normal; text-transform: none;">Disclaimer</font> <br>
      </div>
      <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Gotham Light',Calibri,monospace; font-style: normal; font-variant: normal; text-transform: none;"> <br>
        </font></div>
      <div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The interim report has been prepared solely to provide additional information to shareholders to assess the Group&#8217;s strategies and the potential for those strategies
          to succeed. The interim report should not be relied on by any other party or for any other purpose.</div>
        <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
        </div>
        <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">The interim report contains certain forward-looking statements. These statements are made by the Directors in good faith based on the information available to them up
          to the time of their approval of this report. Such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking statements.</div>
      </div>
      <div> <br>
      </div>
    </div>
    <div style="float: right; width: 33%;" id="EFPFTCR">
      <div>&#160;</div>
    </div>
    <div style="line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"> <br>
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      <div><br>
        <div><br>
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    <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 96.11%; vertical-align: top;">
              <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
            </td>
            <td style="width: 3.89%; vertical-align: top;">
              <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">12</div>
            </td>
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      </table>
    </div>
    <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">&#160;</div>
    <div style="line-height: 0pt;"><br style="line-height: 0pt;">
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; line-height: 10pt; color: #FFFFFF; font-family: 'Gotham Light', Calibri, monospace; font-size: 8pt;"><u>Consolidated Financial Statements</u></div>
    <div style="line-height: 12.5pt;"></div>
    <div style="line-height: 14.4pt;">
      <table cellspacing="0" cellpadding="0" id="z98df71d186b040fb9e08c439de63dad6" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">CONDENSED CONSOLIDATED INCOME STATEMENT</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 10pt;"><br style="line-height: 10pt;">
      </div>
      <div style="line-height: 12pt;"><br style="line-height: 12pt;">
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      </div>
      <div style="line-height: 0.7pt;"><br style="line-height: 0.7pt;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z52efeb9bf6924ab2bc8bae781b698e1e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Note</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2019</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2018</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Q1-Q2 2019</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Q1-Q2 2018</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">FY 2018</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Revenue</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;166.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;163.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">352.7</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">326.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">635.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Port expenses, bunkers and commissions</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-68.0</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-72.9</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-137.8</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-139.6</div>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-283.0</div>
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          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Charter hire</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-1.4</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.8</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-43.3</div>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-47.1</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-86.0</div>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-93.2</div>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-180.4</div>
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          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Profit from sale of vessels</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.6</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Administrative expenses</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1, 2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-12.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-12.1</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-24.7</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-24.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-47.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Other operating expenses</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-0.6</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.4</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-0.5</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Share of profit/(loss) from joint ventures</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Impairment losses on tangible and intangible assets</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2, 4</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.1</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.7</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-3.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Depreciation</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-26.3</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-28.9</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-53.0</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-57.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-114.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Operating profit/(loss) (EBIT)</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;14.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.5</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">46.4</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">9.5</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Financial income</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1.1</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.5</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2.0</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Financial expenses</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-10.1</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-9.6</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-19.9</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-19.0</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-39.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Profit/(loss) before tax</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">5.2</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-8.6</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">28.7</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-7.5</div>
            </td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-33.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Tax</div>
            </td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
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            <td style="width: 63.82%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
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            <td style="width: 63.82%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td style="width: 5.06%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td style="width: 63.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.12</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.38</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.12</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-0.48</div>
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                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">13</div>
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              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">Q2 2019</div>
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              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">Q2 2018</div>
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              <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">Q1-Q2 2018</div>
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            <td style="width: 68.87%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">5.2</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-8.9</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">28.4</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-8.2</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-34.8</div>
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            <td style="width: 68.87%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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            <td style="width: 68.87%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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          <tr>
            <td style="width: 68.87%; vertical-align: bottom; background-color: #FFFFFF;">
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;0.1</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-0.2</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">0.5</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-0.3</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-0.3</div>
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              <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Fair value adjustment on hedging instruments</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-7.0</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-0.4</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-0.9</div>
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              <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;">&#160;-0.3</div>
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          <tr>
            <td style="width: 68.87%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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            <td style="width: 68.87%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #F2F2F2;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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            <td style="width: 68.87%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 6.23%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">14</div>
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              <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">CONDENSED CONSOLIDATED BALANCE SHEET</div>
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                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">30 June</div>
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">31 December</div>
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                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Note</div>
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2019</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2018</div>
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2018</div>
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              <tr>
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                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">ASSETS</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">NON-CURRENT ASSETS</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Tangible fixed assets</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;8.7</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Vessels and capitalized dry-docking</div>
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1,418.1</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,399.5</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,396.6</div>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Prepayments on vessels</div>
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                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;53.5</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;50.3</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;45.5</div>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Other plant and operating equipment</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.9</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;2.3</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.0</div>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Total tangible fixed assets</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,484.2</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,452.1</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,445.0</div>
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              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Financial assets</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Investments in joint ventures</div>
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                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,452.2</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,445.1</div>
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              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">CURRENT ASSETS</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
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                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;36.2</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;40.3</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;39.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Freight receivables</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">82.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">71.6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;86.0</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Other receivables</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;4.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">16.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;7.5</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Prepayments</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">4.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.4</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;2.9</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">106.4</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;159.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">127.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Current assets, excluding assets held-for-sale</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;233.7</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">291.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">263.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Assets held-for-sale</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">4</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;6.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Total current assets</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;233.7</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">291.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;269.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.19%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">TOTAL ASSETS</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,718.2</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,743.5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;1,714.4</div>
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          &#160;</div>
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      <div style="float: right; width: 48%;" id="EFPFTCR">
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">31 December</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Note</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2019</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">EQUITY AND LIABILITIES</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">EQUITY</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Common shares</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.7</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.7</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.7</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Share premium</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">97.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">97.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">97.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Treasury shares</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Hedging reserves</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-12.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;9.6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Translation reserves</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.4</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Retained profit</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">781.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;777.7</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">752.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total equity</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;864.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;882.2</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;847.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">LIABILITIES</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">NON-CURRENT LIABILITIES</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Deferred tax liability</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;44.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;45.0</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;44.9</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Mortgage debt and bank loans</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: center; text-indent: -6.25pt; margin-right: 11.35pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;605.5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;635.7</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;633.0</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Lease liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;29.5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;23.8</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">22.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total non-current liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;679.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;704.5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">700.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">CURRENT LIABILITIES</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Mortgage debt and bank loans</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: center; text-indent: -6.25pt; margin-right: 11.35pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;86.0</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;89.6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">91.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Lease liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.0</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Trade payables</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;38.2</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;32.6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">35.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Current tax liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">1.2</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">1.5</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">1.0</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Other liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;45.3</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;30.0</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;36.5</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Deferred income</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.2</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total current liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">174.0</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">156.9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;167.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;853.9</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">861.4</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;867.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">TOTAL EQUITY AND LIABILITIES</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;1,718.2</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;1,743.5</div>
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                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;1,714.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Contingent liabilities</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: center; text-indent: -6.25pt; margin-right: 11.35pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Contractual obligations and rights</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: center; text-indent: -6.25pt; margin-right: 11.35pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">7</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Post balance sheet date events</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: center; text-indent: -6.25pt; margin-right: 11.35pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">8</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 39.2%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Accounting policies</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: center; text-indent: -6.25pt; margin-right: 11.35pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">9</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>

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      <div style="line-height: 12.5pt;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Gotham Light',Calibri,monospace; font-style: normal; font-variant: normal; text-transform: none;"> <br>
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      <div style="line-height: 12.5pt;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Gotham Light',Calibri,monospace; font-style: normal; font-variant: normal; text-transform: none;"> <br>
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      <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
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      <div><br>
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      <div>
        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 96.11%; vertical-align: top;">
                  <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
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                <td style="width: 3.89%; vertical-align: top;">
                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">15</div>
                </td>
              </tr>

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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
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            <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</div>
            <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;">1 JANUARY-30 JUNE</div>
            <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;"> <br>
            </div>
          </td>
        </tr>

    </table>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
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    <table cellspacing="0" cellpadding="0" id="ze2d3ddc36d574434ac36b55552bb656b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Common shares</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Share premium</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Treasury shares</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Hedging reserves</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Translation reserves</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Retained profit</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Total</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Equity as of 1 January 2019</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.7</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">97.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">752.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;847.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Comprehensive income/loss for the period</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Net profit/(loss) for the period</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.4</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.4</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Other comprehensive income/(loss) for the period</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-12.2</div>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Total comprehensive income/(loss) for the period</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-12.6</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.5</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">16.2</div>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Share-based compensation</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.9</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.9</div>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Total changes in equity for the period</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-12.6</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.5</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;29.2</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;17.1</div>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Equity as of 30 Juni 2019</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">97.1</div>
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            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
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            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-12.3</div>
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            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.4</div>
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            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">781.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;864.3</div>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
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    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
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    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
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          <td style="width: 42.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
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            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Common shares</div>
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            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Share premium</div>
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            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Treasury shares</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Hedging reserves</div>
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            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Translation reserves</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Retained profit</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 42.78%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom;">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Balance as of 1 January 2018, as shown in the consolidated financial statements</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.6</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;7.3</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;785.8</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;791.1</div>
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        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Effect as of 1 January 2018 of IFRS 15 implementation</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.9</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.9</div>
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        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom;">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Equity as of 1 January 2018</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.6</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;7.3</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;784.9</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;790.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 42.78%; vertical-align: bottom;">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Comprehensive income/(loss) for the period:</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 8.17%; vertical-align: bottom;">
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          <td style="width: 8.17%; vertical-align: bottom;">
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
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          <td style="width: 42.78%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 42.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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        <tr>
          <td style="width: 42.78%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;99.9</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">100.0</div>
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          <td style="width: 42.78%; vertical-align: bottom;">
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.8</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.8</div>
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          <td style="width: 42.78%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 42.78%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 42.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;882.2</div>
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          <td style="width: 42.78%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom;">&#160;</td>
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    <div style="line-height: 10pt;">
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                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
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                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">CASH FLOW FROM OPERATING ACTIVITIES</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
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              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of profit from sale of vessels</div>
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            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of amortization and depreciation</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">53.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">57.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">114.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of impairment loss on tangible assets</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2.7</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">3.2</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of share of profit/(loss) from joint ventures</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-0.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-0.2</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of financial income</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-2.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-2.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-3.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of financial expenses</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">19.9</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">19.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">39.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of tax expenses</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.3</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.7</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1.6</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of other non-cash movements</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.5</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Dividends received from joint ventures</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.4</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">0.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Interest received and realized exchange gains</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1.7</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">1.6</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">2.7</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Interest paid and realized exchange losses</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-19.4</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-20.1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-39.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Income taxes paid</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-0.3</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-1.6</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Change in bunkers, receivables and payables, etc.</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">8.5</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-5.7</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">-12.7</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">Net cash flow from operating activities</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">93.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">43.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 12.5pt; font-family: 'Gotham Light',Calibri,monospace;">70.8</div>
              </td>
            </tr>

        </table>
        &#160;</div>
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    <div style="float: right; width: 48%;" id="EFPFTCR">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Q1-Q2 2019</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Q1-Q2 2018</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: center; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">FY 2018</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">CASH FLOW FROM INVESTING ACTIVITIES</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Investment in tangible fixed assets</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-104.8</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-126.1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-202.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Investments in joint ventures</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-0.3</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Sale of tangible fixed assets</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">26.8</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">7.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">26.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Net cash flow from investing activities</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-78.3</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-118.9</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-175.6</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">CASH FLOW FROM FINANCING ACTIVITIES</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Borrowing, mortgage debt</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">22.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">57.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;114.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Repayment, mortgage debt</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-55.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-52.2</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-110.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Repayment, lease liabilities</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.7</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-1.4</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.9</div>
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            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;100.0</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;100.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Transaction costs capital increase</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">-</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.8</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Change in restricted cash</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-6.8</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1.0</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-2.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Net cash flow from financing activities</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-42.5</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;101.8</div>
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              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">96.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Net cash flow from operating, investing and financing activities</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-27.8</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">25.9</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-8.8</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents, beginning balance</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;124.1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;132.9</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;132.9</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents, ending balance</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">96.3</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;158.8</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;124.1</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Restricted cash equivalents</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;10.1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">0.3</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">3.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 61.6%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents including restricted cash, ending balance</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;106.4</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;159.1</div>
              </td>
              <td style="width: 12.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;127.4</div>
              </td>
            </tr>

        </table>
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    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 0.7pt;"><br style="line-height: 0.7pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt;"><br style="line-height: 12.5pt;">
    </div>
    <div style="line-height: 12.5pt;"><br>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
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      <div><br>
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      <div><br>
      </div>
      <div><br>
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      <div><br>
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      <div><br>
      </div>
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      <div><br>
      </div>
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    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;">
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
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              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">17</div>
              </td>
            </tr>

        </table>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="line-height: 14.4pt;">
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          <tr>
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              <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">NOTES</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"> <font style="font-size: 10pt;"><br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;"> <br>
      </div>
      <div style="float: left; width: 48%;" id="EFPFTCL">
        <div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">
              <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><br>
              NOTE 1 &#8211; STAFF COSTS<br>
            </div>
            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;"> </div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2019</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q2 2018</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1-Q2 2019</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Q1-Q2 2018</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">FY 2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Included in operating expenses</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;2.0</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;2.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;4.0</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;4.6</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;9.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Included in administrative expenses</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;9.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;9.5</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;19.4</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;19.4</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;36.9</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total staff costs</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">11.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">11.7</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;23.4</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;24.0</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;46.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          </table>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt;">
            <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 2 &#8211; VESSELS AND CAPITALIZED DRY-DOCKING</div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized dry-docking costs in the amount of USD 55.1m (30 June 2018: USD 62.1m, 31
            December 2018: USD 67.5m).</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The depreciation expense for the six months ended 30 June 2019 related to "Other plant and operating equipment" of USD 0.5m is included in the &#8220;Administrative
            expenses&#8221; (30 June 2018: USD 0.5m, 31 December 2018: USD 1.1m).</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">Impairment assessment</div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">For determination of the vessel values, TORM has carried out an impairment indicator assessment of the most significant assumptions used in the fair value and value in
            use calculations for the Annual Report as of 31 December 2018 (please refer to Note 7 in the Annual Report 2018). Based on this, TORM has assessed that there are no impairment indicators noted as there were no significant changes in the
            assumptions to either the fair value or the value in use, and therefore TORM does not find any need to reassess the recoverable amount as of 30 June 2019.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The impairment loss of USD 2.7m relates to specific vessels which have been reclassified to assets held-for-sale to be delivered to the buyers during Q1 and Q2 2019.
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          &#160;</div>
      </div>
      <div style="float: right; width: 48%;" id="EFPFTCR">
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 8.5pt;"><font style="font-family: 'Gotham Bold',Calibri,monospace; font-size: 10pt;">NOTE 2</font><font style="font-size: 10pt;"> &#8211; continued</font></div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">31 December</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2019</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Cost:</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Balance as of beginning of period</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,886.3</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,726.6</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;1,726.6</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Additions</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;27.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;97.8</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">162.7</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Disposals</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.0</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-4.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-30.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Transferred from prepayments</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;67.6</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;63.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">81.8</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Transferred to assets held-for-sale</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-44.2</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-54.6</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Balance</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;1,929.6</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;1,883.4</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;1,886.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Depreciation:</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Balance as of beginning of period</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;327.6</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;264.8</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;264.8</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Disposals</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.0</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-4.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-30.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Depreciation for the period</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">51.4</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;56.7</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;113.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Transferred to assets held-for-sale</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">-17.3</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-20.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Balance</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;353.7</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">316.6</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;327.6</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="line-height: 14pt; font-family: 'Gotham Bold',Calibri,monospace;">Impairment:</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Balance as of beginning of period</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;162.1</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">167.3</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">167.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Impairment losses on tangible fixed assets</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;2.7</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.2</div>
                </td>
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              <tr>
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                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Of which right-of-use assets, end of period</div>
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;25.6</div>
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;26.5</div>
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              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 96.11%; vertical-align: top;">
                    <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                  </td>
                  <td style="width: 3.89%; vertical-align: top;">
                    <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">18</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="page-break-after: always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
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      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="float: left; width: 48%;" id="EFPFTCL">
        <div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> </font>
              <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
            <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;">NOTE 3 &#8211; PREPAYMENTS ON VESSELS</font></div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">31 December</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2019</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Balance as of beginning of period</div>
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;45.5</div>
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                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;88.4</div>
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                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;88.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Additions</div>
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                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;75.6</div>
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;25.8</div>
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                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;38.9</div>
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              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Transferred to vessels</div>
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-67.6</div>
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              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;53.5</div>
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              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>

          </table>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt;">
            <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 9.7pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 4 &#8211; ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD</div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">During the first two quarters of 2019, TORM sold three vessels, of which two were delivered to the new owner during the first quarter of 2019 and the third vessel in
            Q2 2019. The sales resulted in a profit from sale of USD 0.3m and an impairment loss on tangible assets of USD 2.7m.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
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      </div>
      <div style="float: right; width: 48%;" id="EFPFTCR">
        <div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;">
              <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 5 &#8211; MORTGAGE DEBT AND BANK LOANS</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">30 June</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">31 December</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2019</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(242, 242, 242);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Mortgage debt and bank loans to be repaid as follows:</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(242, 242, 242);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Falling due within one year</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #F2F2F2;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">87.1</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;90.4</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;92.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Falling due between one and two years</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #F2F2F2;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">87.1</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;86.0</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;87.6</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Falling due between two and three years</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #F2F2F2;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;374.2</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;86.0</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;343.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Falling due between three and four years</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #F2F2F2;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;26.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">381.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;96.9</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Falling due between four and five years</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #F2F2F2;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;11.3</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">21.8</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">10.0</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">Falling due after five years</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(242, 242, 242); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">109.8</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;64.8</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;99.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">Total</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #F2F2F2; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;696.4</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;730.9</div>
                </td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold',Calibri,monospace;">&#160;&#160;729.5</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(242, 242, 242);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
              </tr>

          </table>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (30 June 2018: USD 5.4m, 31 December 2018:
            USD 5.1m), which are amortized over the term of the loans.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM was in compliance with the financial covenants. TORM expects to remain in compliance with the financial covenants in the remaining period of
            2019.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">During the first six months of 2019, TORM signed a financing agreement with ABN AMRO to increase the existing facility of USD 70.0m by USD 3.7m to finance scrubber
            installations on newbuildings.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The main conditions in the agreements are in line with the Company's existing loan agreements.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 6 &#8211; CONTINGENT LIABILITIES</div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The Group is involved in certain legal proceedings and disputes. It is Management&#8217;s opinion that the outcome of these proceedings and disputes will not have any
            material impact on the Group&#8217;s financial position, results of operations and cash flows.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The Group operates in a wide variety of jurisdictions, in some of which the company and individual tax law is subject to varying interpretations and potentially
            inconsistent enforcement. As a result, there can be practical uncertainties in applying tax legislation to the Group&#8217;s activities. Whilst the Group considers that it operates in accordance with applicable company and individual tax law, there
            are concrete potential tax exposures in respect of its operations, which are being investigated further. Based on current legal advice, these exposures are not considered to be material.</div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;</div>
          &#160;</div>
        <div> <br>
        </div>
      </div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
      <div style="line-height: 10pt; font-family: 'Gotham Bold', Calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;"> <br>
        </font></div>
    </div>
    <br>
    <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;"> <br>
    </div>
    <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;"> <br>
    </div>
    <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;"> <br>
    </div>
    <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;"> <br>
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br style="line-height: 10pt;">
    </div>
    <div style="line-height: 10pt;"><br>
      <div><br>
      </div>
      <div>
        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 96.11%; vertical-align: top;">
                  <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                </td>
                <td style="width: 3.89%; vertical-align: top;">
                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">19</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="float: left; width: 48%;" id="EFPFTCL">
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">&#160;</div>
        <div>
          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 7 &#8211; CONTRACTUAL OBLIGATIONS AND RIGHTS</div>
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">As of 30 June 2019, TORM has contractual obligations regarding investment commitments including newbuilding and second-hand commitments and chartered-in vessels of USD
            271.4m and USD 0.0m respectively (30 June 2018: USD 306.4m and USD 0.1m, 31 December 2018: USD 258.0m and USD 0.0m).</div>
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            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 8 &#8211; POST BALANCE SHEET DATE EVENTS</div>
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          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">In July 2019, TORM has agreed sale and leaseback transactions on the MR vessels TORM Torino and TORM Titan (both built in 2016) with two Japanese counterparties. These
            transactions will provide proceeds of USD 52m, and USD 18m of existing bank debt will be repaid in connection with the transactions. The lease agreements include a purchase obligation in 2024 for TORM Torino and in 2026 for TORM Titan.</div>
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          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">For accounting purposes, the sale and leaseback transactions will be treated as financing arrangements, whereby the vessels will remain on the balance sheet with
            unchanged values, and the obligations under the leasing contracts will be reflected as lease liabilities on the balance sheet.</div>
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          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">After the quarter ended 30 June 2019, TORM has sold two additional vessels, the MR vessel TORM San Jacinto (built in 2002) and the Handy vessel TORM Saone (built in
            2004), for a total consideration of USD 16m. TORM will repay debt of USD 9m in connection with the vessel sales and expects to deliver the vessels to the new owners during the third quarter of 2019.</div>
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            <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">NOTE 9 &#8211; ACCOUNTING POLICIES</div>
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          <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">General information</div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The information for the year ended 31 December 2018 does not constitute statutory accounts as defined in section 435 of the Companies Act 2006. A copy of the statutory
            accounts for that year has been delivered to the Registrar of Companies. The auditor's report on those accounts was not qualified, did not include a reference to any matters to which the auditors drew attention by way of emphasis without
            qualifying the report and did not contain statements under section 498(2) or (3) of the Companies Act 2006.</div>
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          <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">Significant accounting policies</div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The interim report for the period 1 January-30 June 2019 is presented in accordance with IAS 34 "Interim Financial Reporting" as adopted by the EU and as issued by the
            IASB. The interim report has been prepared using the accounting policies of TORM plc that are consistent with the accounting policies of the Annual Report 2018 and additional IFRS standards endorsed by the EU and as issued by the IASB effective
            for accounting periods beginning after 1 January 2019. New standards have not had any material effect on the interim report other than mentioned below. The accounting policies are described in more detail in the Annual Report 2018. The interim
            report for the period 1 January-30 June 2019 is not audited or reviewed, in line with normal practice.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">Implementation of IFRS 16</div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">IFRS 16 &#8220;Leases&#8221; became effective as of 1 January 2019, and the standard has been implemented using the modified retrospective approach, where comparative information
            is not restated. TORM has in the past accounted for leaseback vessels as finance leases, and the implementation of IFRS 16 does not change the accounting for these vessels, which are presented as part of &#8220;Vessels and capitalized dry-docking&#8221; on
            the balance sheet. The impact of</div>
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          <div style="line-height: 14.4pt;">
            <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">introducing IFRS 16 in TORM is limited to leasing agreements regarding office buildings and other administrative assets such as cars, office equipment, etc. The
              implementation of IFRS 16 requires capitalization of the related lease agreements, and the effect as of 1 January 2019 is a recognition of a right-of-use asset and leasing liability of USD 11.4m. The right-of-use assets are shown as part of
              &#8220;Land and buildings&#8221; and &#8220;Other plant and operating equipment&#8221; on the balance sheet. The implementation of IFRS 16 will only have a minor negative effect on the &#8220;Profit and Loss&#8221; in 2019 but will improve the Alternative Performance Measure
              (APM) &#8220;EBITDA&#8221; by estimated USD 2.8m of which USD 2.5m will be reclassified from the line item &#8220;Administrative expenses&#8221; to &#8220;Depreciation&#8221; and approx. USD 0.3m will be reclassified from &#8220;Administrative expenses&#8221; to &#8220;Financial expenses&#8221;.</div>
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          <div style="line-height: 10pt; font-family: 'Gotham Bold',Calibri,monospace;">Going concern</div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecasted cash requirements, including
            newbuildings and loan commitments, and to monitor compliance with the financial covenants in its loan facilities. As of 30 June 2019, TORM&#8217;s available liquidity including undrawn facilities was USD 367m, TORM&#8217;s net debt was USD 623m and the net
            debt loan-to-value ratio was 51%. TORM performs sensitivity calculations to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant
            compliance and to enable Management to take corrective actions, if required. The principal risks and uncertainties facing the Group are set out on page 11.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light',Calibri,monospace;">The Board of Directors has considered the Group&#8217;s cash flow forecast and the expected compliance with the Company&#8217;s financial covenants for a period of not less than
            12 months from the date of approval of these financial statements. Based on this review, the Board of Directors has a reasonable expectation, taking reasonable changes in trading performance and vessel valuations into account, that the Group
            will be able to continue in operational existence and comply with its financial covenants for the next 12 months. Accordingly, the Group continues to adopt the going concern principle in preparing its financial statements.</div>
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                    <tr>
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                        <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                      </td>
                      <td style="width: 3.89%; vertical-align: top;">
                        <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">20</div>
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              <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">CONDENSED CONSOLIDATED INCOME STATEMENT PER QUARTER</div>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2019</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q1 2019</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q4 2018</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q3 2018</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2018</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Revenue</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">166.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">186.4</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">168.6</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">140.4</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">163.3</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Port expenses, bunkers and commissions</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-68.0</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-69.8</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-74.0</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-69.5</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-72.9</div>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Charter hire</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.4</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-1.4</div>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Operating expenses</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-43.3</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-42.7</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-43.1</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-44.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-47.1</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Profit from sale of vessels</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.2</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.2</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Administrative expenses</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-12.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-12.4</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-12.6</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-10.9</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-12.1</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Other operating expenses</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.3</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.2</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-1.6</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.6</div>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Share of profit/(loss) from joint ventures</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Financial expenses</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-9.6</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Tax</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.3</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.5</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.3</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.9</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">EARNINGS PER SHARE</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Basic earnings/(loss) per share (USD)</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.07</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">0.31</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.34</div>
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Diluted earnings/(loss) per share (USD)</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;"><br>
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    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
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    <div style="line-height: 12pt;">
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
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                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
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                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">21</div>
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    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
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    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
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            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">USDm</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2019</div>
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q1 2019</div>
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q4 2018</div>
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q3 2018</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">CASH FLOW FROM OPERATING ACTIVITIES</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
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          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;5.2</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;23.2</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-1.7</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-24.9</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-8.9</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Adjustments:</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of profit from sale of vessels</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.2</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of amortization and depreciation</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;26.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;26.7</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.6</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.7</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.9</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of impairment loss on tangible assets</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;2.6</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">1.9</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">1.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of share of profit/(loss) from joint ventures</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of financial income</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-1.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;-1.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.4</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.9</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of financial expenses</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;10.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;9.8</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">10.4</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;10.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;9.6</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of tax expenses</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.5</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.4</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;Reversal of other non-cash movements</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.2</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.5</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.6</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Dividends received from joint ventures</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.4</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Interest received and realized exchange gains</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.8</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.9</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.7</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Interest paid and realized exchange losses</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-9.8</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-9.6</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-10.0</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-9.7</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-10.0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Income taxes paid</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">25.1</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
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    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q1 2019</div>
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q4 2018</div>
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            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q3 2018</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Q2 2018</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">CASH FLOW FROM INVESTING ACTIVITIES</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Investment in tangible fixed assets</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-90.4</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-14.4</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-59.5</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-16.7</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-46.5</div>
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        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Investments in joint venture&#8217;s</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.3</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Sale of tangible fixed assets</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">12.8</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">14.0</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">19.6</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Net cash flow from investing activities</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-77.6</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-0.7</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-39.9</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-46.5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">CASH FLOW FROM FINANCING ACTIVITIES</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Borrowing, mortgage debt</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.8</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.5</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;28.5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Repayment, mortgage debt</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-29.5</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-33.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-25.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-20.9</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Repayment, lease liabilities</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-1.4</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-1.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.7</div>
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            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-0.7</div>
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        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Change in restricted cash</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-6.9</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">0.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;-2.9</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-0.1</div>
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          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;7.0</div>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;4.0</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">-14.4</div>
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        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents, beginning balance</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;152.1</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;124.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">162.8</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">158.8</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">173.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents, ending balance</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;96.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;152.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;124.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">162.8</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">158.8</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Restricted cash equivalents</div>
          </td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;10.1</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.2</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;3.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.4</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;&#160;0.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">Cash and cash equivalents excluding restricted cash, ending balance</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">106.4</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">155.3</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">127.4</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">163.2</div>
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          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 12pt; font-family: 'Gotham Light',Calibri,monospace;">&#160;159.1</div>
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        <tr>
          <td style="width: 59.13%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 8.17%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
        </tr>

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  </div>
  <div><br>
    <div><br>
    </div>
    <div><br>
    </div>
    <br>
    <div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
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            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
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              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">23</div>
              </td>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div>
      <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">GLOSSARY</div>
      <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;">KEY FINANCIAL FIGURES</div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><img src="image00007.jpg"></div>
    <div><br>
    </div>
    <div></div>
    <div>
      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
        <div><br>
        </div>
        <br>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 96.11%; vertical-align: top;">
                <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
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              <td style="width: 3.89%; vertical-align: top;">
                <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">24</div>
              </td>
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        </table>
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      <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">&#160;</div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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      <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">GLOSSARY</div>
      <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;">ALTERNATIVE PERFORMANCE MEASURES</div>
    </div>
    <div><br>
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    <div><br>
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    <div style="float: left; width: 48%;" id="EFPFTCL">
      <div>
        <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;">Throughout the interim report, several alternative performance measures (APMs) are used. The APMs used are the same as in the Annual Report, except for the
          implementation of IFRS 16 (as described in note 9) and therefore we refer to the principles for these on pages 146-151 in the TORM plc Annual Report 2018. See <font style="color: #E16B00;"><u>www.torm.com/investors</u></font>.</div>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">Time Charter Equivalent (TCE) earnings:</font> TORM defines TCE earnings, a performance measure, as
          revenue after port expenses, bunkers and commissions incl. freight and bunker derivatives. The Company reports TCE earnings because we believe it provides additional meaningful information to investors in relation to revenue, the most directly
          comparable IFRS measure. TCE earnings is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company&#8217;s performance irrespective of changes in the mix of charter types (i.e., spot
          charters, time charters and bareboat charters) under which the vessels may be employed between the periods. Below is presented a reconciliation from Revenue to TCE earnings:</div>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
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            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q1-Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q1-Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">FY 2018</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold', Calibri, monospace;">Reconciliation to revenue</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Revenue</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;166.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;163.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;352.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;326.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;635.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Port expenses, bunkers and commissions</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-68.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-72.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-137.8</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-139.6</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
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              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;98.3</div>
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                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;90.4</div>
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              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;214.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;186.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;352.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            </tr>

        </table>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        &#160;</div>
    </div>
    <div style="float: right; width: 48%;" id="EFPFTCR">
      <div>&#160;
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          bunkers and commissions, charter hire and operating expenses. The Company reports Gross profit because we believe it provides additional meaningful information to investors, as Gross profit measures the net earnings from shipping activities.
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        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        <table cellspacing="0" cellpadding="0" id="z64a98cb7cf77473289e5cba12815eabb" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q1-Q2 2019</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q1-Q2 2018</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">FY 2018</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="line-height: 14pt; font-family: 'Gotham Bold', Calibri, monospace;">Reconciliation to revenue</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Revenue</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;166.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;163.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;352.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;326.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;635.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Port expenses, bunkers and commissions</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-68.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-72.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-137.8</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-139.6</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-283.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Charter hire</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.4</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-2.8</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-2.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Operating expenses</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-43.3</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-47.1</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-86.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-93.2</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-180.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Gross profit</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;55.0</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;41.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;128.9</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;90.7</div>
              </td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;169.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            </tr>

        </table>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">Net interest-bearing debt:</font> Net interest-bearing debt is defined as mortgage debt and bank loans
          (current and non-current), finance lease liabilities and amortized bank fees less cash and cash equivalents. Net interest-bearing debt depicts the net capital resources, which cause net interest expenditure and interest rate risk and which,
          together with equity, are used to finance our investments. As such, TORM believes that net interest-bearing debt is a relevant measure which Management uses to measure the overall development of our use of financing, other than equity. Such
          measure may not be comparable to similarly titled measures of other companies. Net interest-bearing debt is calculated as follows:</div>
        <div style="line-height: 10pt;"><br style="line-height: 10pt;">
        </div>
        <table cellspacing="0" cellpadding="0" id="z1d800d8a73df49e2b242f5aeace672f6" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">31 December</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
              </td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2019</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Mortgage debt and bank loans (current and non-current)</div>
              </td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">691.5</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;725.3</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;724.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Finance lease liabilities</div>
              </td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;32.8</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;26.8</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;25.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Amortized bank fees</div>
              </td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;4.8</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;5.4</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">5.1</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Cash and cash equivalents</div>
              </td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-106.4</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-159.1</div>
              </td>
              <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-127.4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.59%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Net interest-bearing debt</div>
              </td>
              <td style="width: 16.81%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
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              </td>
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          <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 96.11%; vertical-align: top;">
                    <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                  </td>
                  <td style="width: 3.89%; vertical-align: top;">
                    <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">25</div>
                  </td>
                </tr>

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          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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        </div>
        <div>
          <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">GLOSSARY</div>
          <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;">ALTERNATIVE PERFORMANCE MEASURES &#8211; continued</div>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="float: left; width: 48%;" id="EFPFTCL">
          <div>
            <div style="line-height: 12pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">EBITDA:</font> TORM defines EBITDA as earnings before financial income and expenses, depreciation,
              impairment, amortization and taxes. The computation of EBITDA refers to financial income and expenses which the Company deems to be equivalent to &#8220;interest&#8221; for purposes of presenting EBITDA. Financial expenses consist of interest on bank
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            <div style="line-height: 12pt; font-family: 'Gotham Light', Calibri, monospace;">EBITDA is used as a supplemental financial measure by Management and external users of financial statements, such as lenders, to assess TORM's operating
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              increasing comparability of the Company's performance from period to period. This increased comparability is achieved by excluding the potentially disparate effects of interest, depreciation, impairment, amortization and taxes. These are
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            <div style="line-height: 12pt; font-family: 'Gotham Light', Calibri, monospace;">EBITDA excludes some, but not all, items that affect profit/(loss), and these items may vary among other companies and not be directly comparable. The following
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            &#160;</div>
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        <div style="float: right; width: 48%;" id="EFPFTCR">
          <div>
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                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2019</div>
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                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2018</div>
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                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">FY 2018</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="line-height: 14pt; font-family: 'Gotham Bold', Calibri, monospace;">Reconciliation to net profit/(loss)</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Net profit/(loss) for the year</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;5.2</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-8.9</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;28.4</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-8.2</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-34.8</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Tax</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;0.3</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;0.3</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;0.7</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;1.6</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Financial expenses</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">10.1</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;9.6</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;19.9</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;19.0</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;39.3</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Financial income</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-1.1</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-0.5</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-2.2</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-2.0</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-3.3</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Depreciation</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;26.3</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;28.9</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;53.0</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;57.2</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">114.5</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Impairment losses on tangible&#160; assets</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;0.1</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;2.7</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;3.2</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                    <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">EBITDA</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;40.6</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;29.4</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">102.1</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;66.7</div>
                  </td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                    <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;120.5</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                  <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                </tr>

            </table>
            &#160;</div>
        </div>
        <div><br>
        </div>
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        </div>
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      <div>
        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;"> <br>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 96.11%; vertical-align: top;">
                  <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                </td>
                <td style="width: 3.89%; vertical-align: top;">
                  <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">26</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">&#160;</div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">GLOSSARY</div>
        <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;">ALTERNATIVE PERFORMANCE MEASURES &#8211; continued</div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="float: left; width: 48%;" id="EFPFTCL">
        <div>
          <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">Return on Invested Capital (RoIC):</font> TORM defines RoIC as earnings before interest and tax
            (EBIT) less tax, divided by the average invested capital for the period. Invested capital is defined below.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;">RoIC expresses the returns generated on capital invested in the Group. The progression of RoIC is used by TORM to measure progress against our longer-term value
            creation goals outlined to investors. RoIC is calculated as follows:</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <table cellspacing="0" cellpadding="0" id="zde9c8e5c973c4e659848492b11dc638d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2019</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q2 2018</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q1-Q2 2019</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Q1-Q2 2018</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">FY 2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Operating profit/(loss) (EBIT)</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;14.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;0.5</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;46.4</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;9.5</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;2.8</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Tax</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-0.3</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-0.3</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-0.7</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.6</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">EBIT less Tax</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;14.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;0.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;46.1</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;8.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;1.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">EBIT less Tax - Full year equivalent</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;56.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;0.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;92.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;17.6</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;1.2</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Invested capital, opening balance</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,445.6</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,464.4</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,469.4</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,406.0</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,406.0</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Invested capital, ending balance</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,482.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,475.1</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,482.2</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,475.1</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,469.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Average invested capital</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,463.9</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,469.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,475.8</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,440.6</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,437.7</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Return on Invested Capital (RoIC)</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">3.9%</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">0.1%</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">6.2%</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">1.2%</div>
                </td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">0.1%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 48.01%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 10.4%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>

          </table>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          &#160;</div>
      </div>
      <div style="float: right; width: 48%;" id="EFPFTCR">
        <div>
          <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">Loan-to-value (LTV):</font> TORM defines Loan-to-value (LTV) ratio&#160; as Vessel values divided by net
            borrowings of the vessels.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;">LTV describes the net debt ratio of the vessels and is used by TORM to describe the financial situation, the liquidity risk as well as to express the future
            possibilities to raise new capital by new loan facilities.</div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <div style="line-height: 10pt;"><br style="line-height: 10pt;">
          </div>
          <table cellspacing="0" cellpadding="0" id="za430ad56a15c48699d0b3ba467c63bf2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">31 December</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2019</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Vessel values including newbuildings (broker values)</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,735.6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,674.6</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;1,675.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Total (value)</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;1,735.6</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;1,674.6</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;1,675.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Outstanding debt regarding vessels &#185;<font style="font-family: 'Cambria Math', serif;">&#8318;</font></div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;720.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;757.5</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;754.7</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Committed CAPEX on newbuildings</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">271.4</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;306.4</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;258.0</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Cash and cash equivalents</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-106.4</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;-159.1</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-127.4</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Total (loan)</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;885.1</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">904.8</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;885.3</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Loan-to-value (LTV) ratio</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">51.0%</div>
                </td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">54.0%</div>
                </td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">52.9%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="4">
                  <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light', Calibri, monospace;">&#185;<font style="font-family: 'Cambria Math', serif;">&#8318;</font> Outstanding debt regarding vessels includes long-term
                    and short-term mortgage debt and bank loans and lease liabilities.</div>
                </td>
              </tr>

          </table>
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            <div style="text-indent: -4.25pt; margin-left: 4.25pt; line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 7pt;">
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 96.11%; vertical-align: top;">
                      <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
                    </td>
                    <td style="width: 3.89%; vertical-align: top;">
                      <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">27</div>
                    </td>
                  </tr>

              </table>
            </div>
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          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after: always;" id="DSPFPageBreak">
              <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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            <div>
              <div style="line-height: 17pt; color: #003A78; font-family: 'Gotham Medium', Calibri, monospace; font-size: 16pt;">GLOSSARY</div>
              <div style="line-height: 17pt; font-family: 'Gotham Light', Calibri, monospace; font-size: 16pt;">ALTERNATIVE PERFORMANCE MEASURES &#8211; continued</div>
            </div>
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            <div style="float: left; width: 48%;" id="EFPFTCL">
              <div>
                <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">Invested capital:</font> TORM defines invested capital as the sum of intangible assets,
                  tangible fixed assets, investments in joint ventures, bunkers, accounts receivables, assets held-for-sale (when applicable), deferred tax liability, trade payables, current tax liabilities and deferred income. Invested capital measures
                  the net investment used to achieve our operating profit. The Company believes that invested capital is a relevant measure that Management uses to measure the overall development of the assets and liabilities generating our net profit.
                  Such measure may not be comparable to similarly titled measures of other companies. Invested capital is calculated as follows:</div>
                <div style="line-height: 10pt;"><br style="line-height: 10pt;">
                </div>
                <table cellspacing="0" cellpadding="0" id="z336502cec09747bdac31eb0290b2ff72" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">31 December</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2019</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Tangible and intangible fixed assets</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,484.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;1,452.1</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,445.0</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Investments in joint ventures</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;0.3</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">0.1</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">0.1</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Bunkers</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;36.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;40.3</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;39.4</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Accounts receivable &#185;<font style="font-family: 'Cambria Math', serif;">&#8318;</font></div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;91.1</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">91.9</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;96.3</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Assets held-for-sale</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;6.2</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Deferred tax liability</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-44.9</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-45.0</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-44.9</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Trade payables &#178;<font style="font-family: 'Cambria Math', serif;">&#8318;</font></div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-83.5</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-62.6</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-71.6</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Current tax liabilities</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.5</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.0</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Deferred income</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(230, 231, 232); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-0.2</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-0.1</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Invested capital</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;1,482.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;1,475.1</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;1,469.4</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="4">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light', Calibri, monospace;">&#185;<font style="font-family: 'Cambria Math', serif;">&#8318;</font> Accounts receivables includes Freight
                          receivables, Other receivables and Prepayments.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 100%; vertical-align: bottom; background-color: #FFFFFF;" colspan="4">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light', Calibri, monospace;">&#178;<font style="font-family: 'Cambria Math', serif;">&#8318;</font> Trade payables includes Trade payables and Other
                          liabilities.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 12pt;"><br style="line-height: 12pt;">
                </div>
                &#160;</div>
            </div>
            <div style="float: right; width: 48%;" id="EFPFTCR">
              <div>&#160;</div>
              <div>
                <div style="line-height: 10pt; font-family: 'Gotham Light', Calibri, monospace;"><font style="font-family: 'Gotham Medium', Calibri, monospace;">Net Asset Value per share (NAV/share):</font> TORM believes that the NAV/share is a relevant
                  measure that Management uses to measure the overall development of the assets and liabilities per share. Such measure may not be comparable to similarly titled measures of other companies. NAV/share is calculated using broker values of
                  vessels and excluding charter commitments. NAV/share is calculated as follows:</div>
                <div style="line-height: 10pt;"><br style="line-height: 10pt;">
                </div>
                <table cellspacing="0" cellpadding="0" id="zdb2667a2bbb642aa91bbff4f0a872e09" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">30 June</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">31 December</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">USDm</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2019</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">2018</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Total vessel values including newbuildings (broker values)</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,735.6</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;1,674.6</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;1,675.1</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Committed CAPEX on newbuildings</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-271.4</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-306.4</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-258.0</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Cash position</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">106.4</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;159.1</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">127.4</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Bunkers</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;36.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;40.3</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;39.4</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Freight receivables</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">82.1</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">71.6</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;86.0</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Other receivables</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;4.9</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">16.9</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;7.5</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Other plant and operating equipment</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;3.9</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;2.3</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;3.0</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Land and buildings</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;8.7</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Investments in joint ventures</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;0.3</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">0.1</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">0.1</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Prepayments</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">4.1</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;3.4</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;2.9</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Outstanding debt &#185;<font style="font-family: 'Cambria Math', serif;">&#8318;</font></div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-729.1</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-757.5</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-754.7</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Trade payables</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-38.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-32.6</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-35.1</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Other liabilities</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-45.3</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-30.0</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;-36.5</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Current tax liabilities</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.2</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.5</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">-1.0</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Total Net Asset Value (NAV)</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #E6E7E8;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;897.0</div>
                      </td>
                      <td style="width: 16.8%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;&#160;840.3</div>
                      </td>
                      <td style="width: 16.82%; vertical-align: bottom; background-color: #FFFFFF;">
                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">856.1</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.57%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">Total number of shares, end of period excluding treasury shares (million)</div>
                      </td>
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                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Light', Calibri, monospace;">&#160;&#160;73.9</div>
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                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">Total Net Asset Value per share (NAV/share)</div>
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                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;12.1</div>
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                        <div style="text-align: right; margin-right: 5.65pt; line-height: 13pt; font-family: 'Gotham Bold', Calibri, monospace;">&#160;11.6</div>
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                        <div style="text-indent: -6.25pt; margin-left: 6.25pt; line-height: 8pt; font-family: 'Gotham Light', Calibri, monospace;">&#185;<font style="font-family: 'Cambria Math', serif;">&#8318;</font> Outstanding debt includes long-term and
                          short-term mortgage debt and bank loans and lease liabilities.</div>
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                    <div style="color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">TORM INTERIM RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2019</div>
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                    <div style="text-align: right; color: #003A78; font-family: 'Gotham Book', Arial, monospace; font-size: 8pt;">28</div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>d8352776_ex99-2.htm
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.2</font><br>
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    <div style="margin-right: 9pt;"><font style="font-size: 14pt; font-weight: bold;"><font style="font-size: 10pt;">TORM plc Second Quarter and Half Year Report 2019</font><br>
      </font><br>
    </div>
    <div style="margin-right: 16.3pt;"><font style="font-style: italic;">&#8221;TORM&#8217;s results in the first half of 2019 reflect the Company&#8217;s strong operating performance relative to its peers and our focus on maintaining efficient operations and a low cost
        base. Our profit before tax of USD 28.7m in the first half of 2019 represented the strongest half-year result in three years, and we are pleased to be able to generate a profit also in the second quarter of year that has been negatively impacted by
        an unusually high and prolonged </font><font style="font-style: italic;">refinery maintenance period,&#8220; says Executive Director Jacob Meldgaard and adds: &#8220;We believe the IMO 2020 regulation will drive increased demand for product tankers and that
        TORM is well positioned to take advantage of these new market dynamics.&#8221;</font></div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>EBITDA for the second quarter of 2019 was USD 40.6m (2018, same period: USD 29.4m). The profit before tax amounted to USD 5.2m (2018, same period: loss of USD 8.6m). Cash flow from operating activities was positive at USD 37.6m in the
                  second quarter of 2019 (2018, same period: USD 25.1m), and earnings per share (EPS) was 7 cents (2018, same period: loss per share of 12 cents). Return on Invested Capital (RoIC) was 3.9% (2018, same period: 0.1%).</div>
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    <div style="margin-right: 13.7pt; margin-left: 54pt; margin-bottom: 8pt;">EBITDA for the half year ended 30 June 2019 was USD 102.1m (2018, same period: USD 66.7m). The profit before tax for the first six months of 2019 amounted to USD 28.7m (2018,
      same period: loss of USD 7.5m). Cash flow from operating activities was positive with USD 93.0m in the first six months of 2019 (2018, same period: USD 43.0m), and earnings per share (EPS) was 38 cents (2018, same period: loss per share of 12 cents).
      Return on Invested Capital (RoIC) was 6.2% (2018, same period: 1.2%).</div>
    <div style="margin-right: 13.7pt; margin-left: 54pt; margin-bottom: 8pt;">The Board of Directors has considered the Company&#8217;s options and believes that at this time the continued modernization of the fleet through newbuildings, purchase of modern
      second-hand tonnage and scrubber installations will provide for the optimal capital allocation.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>In the second quarter of 2019, TORM achieved TCE rates of USD/day 15,405 (2018, same period: USD/day 12,944). The product tanker freight rates started the first quarter of 2019 at strong levels, last seen in 2016, before softening
                  throughout the quarter as spring refinery maintenance gained pace. Refinery maintenance in the second quarter was particularly pronounced, and coupled with a series of unplanned outages, the volume of global refinery capacity that was
                  offline was 23% higher than during the same period last year.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div>During the second quarter of 2019, TORM has purchased four modern 2011-built MR vessels for a total consideration of USD 83m. The vessels are expected to be delivered during August 2019. To finance the purchase and to support TORM&#8217;s
                  solid capital structure, TORM has entered into six sale and leaseback transactions, which are expected to be executed during the third quarter of 2019. The transactions cover:</div>
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                <div>Four recently purchased 2011-built MR vessels providing proceeds of USD 66m. The transaction is with a Chinese counterpart and includes a purchase obligation in 2025</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div>The MR vessels TORM Torino and TORM Titan (both 2016-built) are providing total proceeds of USD 52m, and in connection with the transactions, USD 18m of the existing debt will be repaid. The transactions are with two separate Japanese
                  counterparts and include a purchase obligation in 2024 for TORM Torino and in 2026 for TORM Titan</div>
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    <div style="margin-right: 13.7pt; margin-left: 54pt; margin-bottom: 8pt;">TORM also took delivery of two MR newbuildings during the second quarter of 2019, sold the MR vessel TORM Gunhild (built in 1999) for a consideration of USD 6m and repaid debt of
      USD 4m in connection with the vessel sale. The vessel has been delivered to the new owners. After the quarter ended on 30 June 2019, TORM has taken delivery of one MR newbuilding and sold two additional vessels, the MR vessel TORM San Jacinto (built
      in 2002) and the Handy vessel TORM Saone (built in 2004), for a total consideration of USD 16m. TORM will repay debt of USD 9m in connection with the vessel sales and expects to deliver the vessels to the new owners during the third quarter of 2019.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>As of 30 June 2019, 11% of the remaining total earning days in 2019 were covered at an average rate of USD/day 15,197. As of 12 August 2019, 60% of the total earning days in the third quarter of 2019 were covered at USD/day 13,636. 31%
                  of the total earning days in the second half of 2019 were covered at USD/day 13,738.</div>
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                  <div style="font-size: 8pt;">Announcement no. 14 / 15 August 2019</div>
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                  <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 8pt;">TORM plc Second Quarter and Half Year Report 2019</div>
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                  <div style="font-size: 8pt;">Page 1 of 3</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>The implementation deadline for the IMO 2020 sulfur regulation is approaching, and the shipping industry has to comply with the new regulation either by reducing sulfur emissions with scrubbers or by using compliant fuels. TORM&#8217;s joint
                  venture ME Production China, a joint venture with ME Production, a leading scrubber manufacturer, and Guangzhou Shipyard International (GSI), which is part of the China State Shipbuilding Corporation Group, has provided us with the
                  flexibility to make timely decisions on retrofit installations as we developed our compliance strategy. With close to half of the fleet being retrofitted with scrubbers and half of the fleet using compliant fuels, TORM has a balanced
                  approach to the new regulation. We have developed customized schedules for the vessels that will be using compliant fuels from 1 January 2020. As of 15 August 2019, TORM has conducted six scrubber installations, and by 1 January 2020, 28
                  out of 34 scheduled installations are expected to be finalized, with the remaining six consisting of three newbuilding deliveries and three retrofit installations.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>Mr. Kim Balle has been appointed Chief Financial Officer (CFO) of TORM A/S. Mr. Balle has a background from the financial sector where he held a position as Head of Corporate Banking in Danske Bank. In addition, Mr. Balle has been
                  Group CFO in DLG and currently holds a position as Group CFO in the private equity-owned CASA A/S. Mr. Balle will take up the position as CFO of TORM on 1 December 2019. In addition, TORM has appointed Ms. Annette Malm Justad as Board
                  Observer. Ms. Justad has significant managerial experience and has previously served as CEO of Eitzen Maritime Services. Ms. Justad currently holds several director positions including Chairman of American Shipping Company ASA and Board
                  member of Awilco LNG. As Board Observer, Ms. Justad will attend the Board meetings from August 2019.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>As of 30 June 2019, TORM&#8217;s available liquidity was USD 366.9m consisting of USD 106.4m in cash, USD 214.6m in undrawn credit facilities and USD 45.9m in undrawn credit facilities subject to documentation. This excludes the estimated
                  impact of USD 99.0m from the six sale and leaseback transactions to be concluded in Q3 2019. As of 30 June 2019, net interest-bearing debt amounted to USD 622.7m, and TORM's net loan-to-value (LTV) ratio was 51%.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>Based on broker valuations as of 30 June 2019, TORM&#8217;s Net Asset Value (NAV) excluding charter commitments was estimated at USD 897m corresponding to a NAV/share of USD 12.1 or DKK 79.8. TORM&#8217;s book equity amounted to USD 864m as of 30
                  June 2019 corresponding to a book equity/share of USD 11.7 or DKK 76.9. During the second quarter of 2019, TORM has upon request from certain warrantholders cancelled 10,089 warrants. TORM now has 4,701,864 warrants outstanding.</div>
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              <td style="width: 36pt; vertical-align: top; align: right;">&#8226;</td>
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                <div>Based on broker valuations, TORM&#8217;s fleet including newbuildings and recently purchased second-hand vessels had a market value of USD 1,735.6m as of 30 June 2019. Compared to broker valuations as of 31 March 2019, the market value of
                  the fleet increased by USD 75m (~5%), when adjusted for sold and purchased vessels. The book value of TORM&#8217;s fleet was USD 1,471.6m as of 30 June 2019 excluding outstanding installments on newbuildings of USD 271.4m. The outstanding
                  installments include payments for scrubbers related to these vessels. TORM also has CAPEX commitments of USD 32.5m for retrofit scrubber installations. As of 30 June 2019, TORM&#8217;s order book stood at 11 vessels, including seven
                  newbuildings &#8211; two LR1 and five MR vessels &#8211; and four MR second-hand vessels. The newbuildings are expected to be delivered in 2019 and the first quarter of 2020.</div>
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                <div style="font-size: 8pt;">Announcement no. 14 / 15 August 2019</div>
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                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 8pt;">TORM plc Second Quarter and Half Year Report 2019</div>
              </td>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-size: 8pt;">Page 2 of 3</div>
              </td>
            </tr>

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      </div>
      <div>&#160;</div>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="margin-bottom: 8pt; text-align: right;"><img src="image00001.jpg"></div>
    <div style="margin-bottom: 8pt;">
      <hr noshade="noshade" align="center" style="height: 4pt; width: 100%; color: #334973; background-color: #334973; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="margin-right: 9pt; font-size: 8pt; font-weight: bold;"><font style="font-size: 10pt;">C</font><font style="font-size: 10pt;">ONFERENCE CALL</font></div>
    <div style="margin-right: 9pt; font-family: 'Times New Roman',Times,serif;">TORM will today be hosting a conference call for investors and financial analysts at 9:00 am Eastern Time / 3:00 pm Central European Time. If you wish to listen to the call,
      please dial +45 3272 8042 (+1 631 510 7495 for USA connections) at least 10 minutes prior to the start of the call to ensure connection and use 5147297 as conference ID. The presentation can be downloaded from https://investors.torm.com/.</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 47.22%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 52.78%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 47.22%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">CONTACT</div>
          </td>
          <td style="width: 52.78%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">TORM plc</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.22%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Jacob Meldgaard, Executive Director, tel.: +45 3917 9200</div>
          </td>
          <td style="width: 52.78%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Birchin Court, 20 Birchin Lane</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.22%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Morten Agdrup, IR, tel.: +45 3917 9249</div>
          </td>
          <td style="width: 52.78%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">London, EC3V 9DU, United Kingdom</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.22%; vertical-align: top;">&#160;</td>
          <td style="width: 52.78%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Tel.: +44 203 713 4560</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.22%; vertical-align: top;">&#160;</td>
          <td style="width: 52.78%; vertical-align: top;">
            <div style="color: rgb(5, 99, 193); font-family: 'Times New Roman',Times,serif;"><u>www.torm.com</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.22%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 52.78%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

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    <div><br>
    </div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">ABOUT TORM</div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif;">TORM is one of the world&#8217;s leading carriers of refined oil products. The Company operates a fleet of approximately 80 modern vessels with a strong commitment to safety,
      environmental responsibility and customer service. TORM was founded in 1889. The Company conducts business worldwide. TORM&#8217;s shares are listed on NASDAQ Copenhagen and NASDAQ New York (tickers: TRMD A and TRMD). For further information, please visit
      www.torm.com.</div>
    <div><br>
    </div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SAFE HARBOR STATEMENTS AS TO THE FUTURE</div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif;">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 statements other than statements of historical facts. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221;
      &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions generally identify forward-looking statements.</div>
    <div><br>
    </div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif;">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&#8217;s examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are
      inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs or projections.</div>
    <div><br>
    </div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif;">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 the world
      economy and currencies, changes in charter hire rates and vessel values, changes in demand for &#8220;ton miles&#8221; of oil carried by oil tankers, the effect of changes in OPEC&#8217;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&#8217;s operating expenses, including bunker prices, dry-docking and insurance costs, changes in the regulation of shipping operations,
      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, political events or acts by terrorists.</div>
    <div><br>
    </div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif;">In light of these risks and uncertainties, you should not place undue reliance on forward-looking statements contained in this release because they are statements about
      events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking
      statements.</div>
    <div style="margin-right: 9.05pt;"><font style="font-family: 'Times New Roman',Times,serif;"> </font><br>
    </div>
    <div style="margin-right: 9.05pt; font-family: 'Times New Roman',Times,serif;">Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions to these forward-looking statements to
      reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
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            <td style="width: 25%; vertical-align: top;">
              <div style="font-size: 8pt;">Announcement no. 14 / 15 August 2019</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 8pt;">TORM plc Second Quarter and Half Year Report 2019</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="font-size: 8pt;">Page 3 of 3</div>
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<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ComponentsOfEquityAxis_ReserveOfCashFlowHedgesMember" unitRef="USD" decimals="-5">2300000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ComponentsOfEquityAxis_ReserveOfExchangeDifferencesOnTranslationMember" unitRef="USD" decimals="-5">-300000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-5">-7100000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-5">100000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ComponentsOfEquityAxis_SharePremiumMember" unitRef="USD" decimals="-5">97100000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">17100000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ComponentsOfEquityAxis_ReserveOfCashFlowHedgesMember" unitRef="USD" decimals="-5">-12600000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ComponentsOfEquityAxis_ReserveOfExchangeDifferencesOnTranslationMember" unitRef="USD" decimals="-5">500000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-5">29200000</ifrs-full:ChangesInEquity>
<ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">-600000</ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets>
<ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-700000</ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets>
<ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-300000</ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets>
<ifrs-full:AdjustmentsForDepreciationExpense contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">57200000</ifrs-full:AdjustmentsForDepreciationExpense>
<ifrs-full:AdjustmentsForDepreciationExpense contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">114500000</ifrs-full:AdjustmentsForDepreciationExpense>
<ifrs-full:AdjustmentsForDepreciationExpense contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">53000000</ifrs-full:AdjustmentsForDepreciationExpense>
<ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">3200000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
<ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">2700000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
<ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">200000</ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates>
<ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">200000</ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">2000000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">3300000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">2200000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">19000000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">39300000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">19900000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">700000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">1600000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">300000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<trmd:OtherAdjustmentsForNon-CashItems contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">-1200000</trmd:OtherAdjustmentsForNon-CashItems>
<trmd:OtherAdjustmentsForNon-CashItems contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-2000000</trmd:OtherAdjustmentsForNon-CashItems>
<trmd:OtherAdjustmentsForNon-CashItems contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-500000</trmd:OtherAdjustmentsForNon-CashItems>
<ifrs-full:DividendsReceivedClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">400000</ifrs-full:DividendsReceivedClassifiedAsOperatingActivities>
<ifrs-full:DividendsReceivedClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">400000</ifrs-full:DividendsReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">1600000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">2700000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">1700000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">20100000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">39800000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">19400000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">300000</ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">1600000</ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">100000</ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities>
<ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">5700000</ifrs-full:IncreaseDecreaseInWorkingCapital>
<ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">12700000</ifrs-full:IncreaseDecreaseInWorkingCapital>
<ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-8500000</ifrs-full:IncreaseDecreaseInWorkingCapital>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">43000000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">70800000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">93000000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">126100000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">202400000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">104800000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfInvestmentProperty contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">300000</ifrs-full:PurchaseOfInvestmentProperty>
<ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">7200000</ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">26800000</ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">26800000</ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">-118900000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-175600000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-78300000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">57200000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">114500000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">22000000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">52200000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">110800000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">55000000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">1400000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">2900000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">2700000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:ProceedsFromIssuingShares contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">100000000</ifrs-full:ProceedsFromIssuingShares>
<ifrs-full:ProceedsFromIssuingShares contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">100000000</ifrs-full:ProceedsFromIssuingShares>
<ifrs-full:PaymentsForShareIssueCosts contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">2800000</ifrs-full:PaymentsForShareIssueCosts>
<ifrs-full:PaymentsForShareIssueCosts contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">2800000</ifrs-full:PaymentsForShareIssueCosts>
<ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">1000000</ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities>
<ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-2000000</ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities>
<ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-6800000</ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">101800000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">96000000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-42500000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">25900000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-8800000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-27800000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">132900000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">158800000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">124100000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="Context_As_Of_30_Jun_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">96300000</ifrs-full:CashAndCashEquivalents>
<trmd:RestrictedCashAmount contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">300000</trmd:RestrictedCashAmount>
<trmd:RestrictedCashAmount contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">3300000</trmd:RestrictedCashAmount>
<trmd:RestrictedCashAmount contextRef="Context_As_Of_30_Jun_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">10100000</trmd:RestrictedCashAmount>
<ifrs-full:DisclosureOfEmployeeBenefitsExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 1 &amp;#8211; STAFF&lt;/div&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;COSTS&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q2 2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q2 2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q1-Q2 2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q1-Q2 2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;FY 2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Included in operating expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;2.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;2.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;4.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;4.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;9.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Included in administrative expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;9.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;9.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;19.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;19.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;36.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Total staff costs&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;11.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;11.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;23.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;24.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;46.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfEmployeeBenefitsExplanatory>
<ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 2 &amp;#8211; VESSELS AND CAPITALIZED DRY-DOCKING&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized dry-docking costs in the amount of USD 55.1m (30 June 2018: USD 62.1m, 31 December 2018: USD 67.5m).&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The depreciation expense for the six months ended 30 June 2019 related to "Other plant and operating equipment" of USD 0.5m is included in the &amp;#8220;Administrative expenses&amp;#8221; (30 June 2018: USD 0.5m, 31 December 2018: USD 1.1m).&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Impairment assessment&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;For determination of the vessel values, TORM has carried out an impairment indicator assessment of the most significant assumptions used in the fair value and value in use calculations for the Annual Report as of 31 December 2018 (please refer to Note 7 in the Annual Report 2018). Based on this, TORM has assessed that there are no impairment indicators noted as there were no significant changes in the assumptions to either the fair value or the value in use, and therefore TORM does not find any need to reassess the recoverable amount as of 30 June 2019.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The impairment loss of USD 2.7m relates to specific vessels which have been reclassified to assets held-for-sale to be delivered to the buyers during Q1 and Q2 2019. These vessels have been written down to their net selling price.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;31 December&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;"&gt;Cost:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,886.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,726.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,726.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;27.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;97.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;162.7&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-8.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-4.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-30.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred from prepayments&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;67.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;63.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;81.8&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-44.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-54.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Balance&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,929.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,883.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,886.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;"&gt;Depreciation:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;327.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;264.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;264.8&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-8.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-4.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-30.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Depreciation for the period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;51.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;56.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;113.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;-17.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-20.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Balance&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;353.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;316.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;327.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;"&gt;Impairment:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;162.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;167.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;167.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Impairment losses on tangible fixed assets&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-7.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-8.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Balance&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;157.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;167.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;162.1&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Carrying amount&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;1,418.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,399.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,396.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Of which right-of-use assets, end of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;25.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;27.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;</ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory>
<trmd:DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace; font-size: 8.5pt;"&gt;&lt;font style="font-size: 10pt;"&gt;NOTE 3 &amp;#8211; PREPAYMENTS ON VESSELS&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;31 December&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;45.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;88.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;88.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;75.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;25.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;38.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to vessels&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-67.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-63.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;-81.8&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Carrying amount&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;53.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;50.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;45.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock>
<trmd:DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 9.7pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 4 &amp;#8211; ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;During the first two quarters of 2019, TORM sold three vessels, of which two were delivered to the new owner during the first quarter of 2019 and the third vessel in Q2 2019. The sales resulted in a profit from sale of USD 0.3m and an impairment loss on tangible assets of USD 2.7m.&lt;/div&gt;</trmd:DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock>
<ifrs-full:DisclosureOfBorrowingsExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;NOTE 5 &amp;#8211; MORTGAGE DEBT AND BANK LOANS&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;31 December&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Mortgage debt and bank loans to be repaid as follows:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due within one year&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;87.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;90.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;92.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between one and two years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;87.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;86.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;87.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between two and three years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;374.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;86.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;343.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between three and four years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;381.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;96.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between four and five years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;11.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;21.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;10.0&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due after five years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;109.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;64.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;99.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;696.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;730.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;729.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (30 June 2018: USD 5.4m, 31 December 2018: USD 5.1m), which are amortized over the term of the loans.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;As of 30 June 2019, TORM was in compliance with the financial covenants. TORM expects to remain in compliance with the financial covenants in the remaining period of 2019.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;During the first six months of 2019, TORM signed a financing agreement with ABN AMRO to increase the existing facility of USD 70.0m by USD 3.7m to finance scrubber installations on newbuildings.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The main conditions in the agreements are in line with the Company's existing loan agreements.&lt;/div&gt;</ifrs-full:DisclosureOfBorrowingsExplanatory>
<ifrs-full:DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 6 &amp;#8211; CONTINGENT LIABILITIES&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Group is involved in certain legal proceedings and disputes. It is Management&amp;#8217;s opinion that the outcome of these proceedings and disputes will not have any material impact on the Group&amp;#8217;s financial position, results of operations and cash flows.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Group operates in a wide variety of jurisdictions, in some of which the company and individual tax law is subject to varying interpretations and potentially inconsistent enforcement. As a result, there can be practical uncertainties in applying tax legislation to the Group&amp;#8217;s activities. Whilst the Group considers that it operates in accordance with applicable company and individual tax law, there are concrete potential tax exposures in respect of its operations, which are being investigated further. Based on current legal advice, these exposures are not considered to be material.&lt;/div&gt;</ifrs-full:DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory>
<ifrs-full:DisclosureOfCommitmentsExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 7 &amp;#8211; CONTRACTUAL OBLIGATIONS AND RIGHTS&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;As of 30 June 2019, TORM has contractual obligations regarding investment commitments including newbuilding and second-hand commitments and chartered-in vessels of USD 271.4m and USD 0.0m respectively (30 June 2018: USD 306.4m and USD 0.1m, 31 December 2018: USD 258.0m and USD 0.0m).&lt;/div&gt;</ifrs-full:DisclosureOfCommitmentsExplanatory>
<ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 8 &amp;#8211; POST BALANCE SHEET DATE EVENTS&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;In July 2019, TORM has agreed sale and leaseback transactions on the MR vessels TORM Torino and TORM Titan (both built in 2016) with two Japanese counterparties. These transactions will provide proceeds of USD 52m, and USD 18m of existing bank debt will be repaid in connection with the transactions. The lease agreements include a purchase obligation in 2024 for TORM Torino and in 2026 for TORM Titan.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;For accounting purposes, the sale and leaseback transactions will be treated as financing arrangements, whereby the vessels will remain on the balance sheet with unchanged values, and the obligations under the leasing contracts will be reflected as lease liabilities on the balance sheet.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;After the quarter ended 30 June 2019, TORM has sold two additional vessels, the MR vessel TORM San Jacinto (built in 2002) and the Handy vessel TORM Saone (built in 2004), for a total consideration of USD 16m. TORM will repay debt of USD 9m in connection with the vessel sales and expects to deliver the vessels to the new owners during the third quarter of 2019.&lt;/div&gt;</ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory>
<ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;"&gt;NOTE 9 &amp;#8211; ACCOUNTING POLICIES&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;General information&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The information for the year ended 31 December 2018 does not constitute statutory accounts as defined in section 435 of the Companies Act 2006. A copy of the statutory accounts for that year has been delivered to the Registrar of Companies. The auditor's report on those accounts was not qualified, did not include a reference to any matters to which the auditors drew attention by way of emphasis without qualifying the report and did not contain statements under section 498(2) or (3) of the Companies Act 2006.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Significant accounting policies&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The interim report for the period 1 January-30 June 2019 is presented in accordance with IAS 34 "Interim Financial Reporting" as adopted by the EU and as issued by the IASB. The interim report has been prepared using the accounting policies of TORM plc that are consistent with the accounting policies of the Annual Report 2018 and additional IFRS standards endorsed by the EU and as issued by the IASB effective for accounting periods beginning after 1 January 2019. New standards have not had any material effect on the interim report other than mentioned below. The accounting policies are described in more detail in the Annual Report 2018. The interim report for the period 1 January-30 June 2019 is not audited or reviewed, in line with normal practice.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Implementation of IFRS 16&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;IFRS 16 &amp;#8220;Leases&amp;#8221; became effective as of 1 January 2019, and the standard has been implemented using the modified retrospective approach, where comparative information is not restated. TORM has in the past accounted for leaseback vessels as finance leases, and the implementation of IFRS 16 does not change the accounting for these vessels, which are presented as part of &amp;#8220;Vessels and capitalized dry-docking&amp;#8221; on the balance sheet. The impact of
&lt;div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="line-height: 10pt; font-family: 'gotham light', calibri, monospace;"&gt;introducing IFRS 16 in TORM is limited to leasing agreements regarding office buildings and other administrative assets such as cars, office equipment, etc. The implementation of IFRS 16 requires capitalization of the related lease agreements, and the effect as of 1 January 2019 is a recognition of a right-of-use asset and leasing liability of USD 11.4m. The right-of-use assets are shown as part of &amp;#8220;Land and buildings&amp;#8221; and &amp;#8220;Other plant and operating equipment&amp;#8221; on the balance sheet. The implementation of IFRS 16 will only have a minor negative effect on the &amp;#8220;Profit and Loss&amp;#8221; in 2019 but will improve the Alternative Performance Measure (APM) &amp;#8220;EBITDA&amp;#8221; by estimated USD 2.8m of which USD 2.5m will be reclassified from the line item &amp;#8220;Administrative expenses&amp;#8221; to &amp;#8220;Depreciation&amp;#8221; and approx. USD 0.3m will be reclassified from &amp;#8220;Administrative expenses&amp;#8221; to &amp;#8220;Financial expenses&amp;#8221;.&lt;/div&gt;
&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Going concern&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecasted cash requirements, including newbuildings and loan commitments, and to monitor compliance with the financial covenants in its loan facilities. As of 30 June 2019, TORM&amp;#8217;s available liquidity including undrawn facilities was USD 367m, TORM&amp;#8217;s net debt was USD 623m and the net debt loan-to-value ratio was 51%. TORM performs sensitivity calculations to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant compliance and to enable Management to take corrective actions, if required. The principal risks and uncertainties facing the Group are set out on page 11.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Board of Directors has considered the Group&amp;#8217;s cash flow forecast and the expected compliance with the Company&amp;#8217;s financial covenants for a period of not less than 12 months from the date of approval of these financial statements. Based on this review, the Board of Directors has a reasonable expectation, taking reasonable changes in trading performance and vessel valuations into account, that the Group will be able to continue in operational existence and comply with its financial covenants for the next 12 months. Accordingly, the Group continues to adopt the going concern principle in preparing its financial statements.&lt;/div&gt;
&lt;/div&gt;</ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory>
<trmd:DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Going concern&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecasted cash requirements, including newbuildings and loan commitments, and to monitor compliance with the financial covenants in its loan facilities. As of 30 June 2019, TORM&amp;#8217;s available liquidity including undrawn facilities was USD 367m, TORM&amp;#8217;s net debt was USD 623m and the net debt loan-to-value ratio was 51%. TORM performs sensitivity calculations to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant compliance and to enable Management to take corrective actions, if required. The principal risks and uncertainties facing the Group are set out on page 11.&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Board of Directors has considered the Group&amp;#8217;s cash flow forecast and the expected compliance with the Company&amp;#8217;s financial covenants for a period of not less than 12 months from the date of approval of these financial statements. Based on this review, the Board of Directors has a reasonable expectation, taking reasonable changes in trading performance and vessel valuations into account, that the Group will be able to continue in operational existence and comply with its financial covenants for the next 12 months. Accordingly, the Group continues to adopt the going concern principle in preparing its financial statements.&lt;/div&gt;</trmd:DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock>
<ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q2 2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q2 2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q1-Q2 2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;Q1-Q2 2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;FY 2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Included in operating expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;2.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;2.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;4.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;4.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;9.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Included in administrative expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;9.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;9.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;19.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;19.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;36.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 160px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Total staff costs&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;11.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;11.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;23.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 38px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;24.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;46.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory>
<ifrs-full:DisclosureOfReclassificationOfFinancialAssetsExplanatory contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;31 December&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;"&gt;Cost:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,886.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,726.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,726.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;27.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;97.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;162.7&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-8.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-4.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-30.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred from prepayments&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;67.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;63.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;81.8&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-44.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-54.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Balance&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,929.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,883.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,886.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;"&gt;Depreciation:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;327.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;264.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;264.8&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-8.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-4.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-30.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Depreciation for the period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;51.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;56.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;113.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;-17.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-20.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Balance&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;353.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;316.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;327.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;"&gt;Impairment:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;162.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;167.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;167.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Impairment losses on tangible fixed assets&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-7.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-8.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Balance&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;157.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;167.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;162.1&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Carrying amount&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;1,418.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,399.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;1,396.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Of which right-of-use assets, end of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;25.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;27.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfReclassificationOfFinancialAssetsExplanatory>
<trmd:DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;31 December&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Balance as of beginning of period&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;45.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;88.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;88.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;75.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;25.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;38.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Transferred to vessels&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-67.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-63.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;-81.8&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Carrying amount&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;53.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;50.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;45.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock>
<trmd:DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00">&lt;table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;30 June&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;31 December&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Mortgage debt and bank loans to be repaid as follows:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due within one year&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;87.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;90.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;92.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between one and two years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;87.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;86.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;87.6&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between two and three years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;374.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;86.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;343.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between three and four years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;381.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;96.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due between four and five years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;11.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;21.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;10.0&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;"&gt;Falling due after five years&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;109.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;64.8&lt;/div&gt;
&lt;/td&gt;
&lt;td style="background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;99.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;"&gt;
&lt;div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #f2f2f2; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;696.4&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;730.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;"&gt;
&lt;div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;729.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_3ME_01_Apr_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">11700000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_3ME_01_Apr_2018T00_00_00_TO_30_Jun_2018T00_00_00_ProfitOrLossLocationAxis_OperatingExpensesMember" unitRef="USD" decimals="-5">2200000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_3ME_01_Apr_2018T00_00_00_TO_30_Jun_2018T00_00_00_ProfitOrLossLocationAxis_AdministrativeExpensesMember" unitRef="USD" decimals="-5">9500000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-6">24000000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ProfitOrLossLocationAxis_OperatingExpensesMember" unitRef="USD" decimals="-5">4600000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ProfitOrLossLocationAxis_AdministrativeExpensesMember" unitRef="USD" decimals="-5">19400000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">46200000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ProfitOrLossLocationAxis_OperatingExpensesMember" unitRef="USD" decimals="-5">9300000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ProfitOrLossLocationAxis_AdministrativeExpensesMember" unitRef="USD" decimals="-5">36900000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_3ME_01_Apr_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">11800000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_3ME_01_Apr_2019T00_00_00_TO_30_Jun_2019T00_00_00_ProfitOrLossLocationAxis_OperatingExpensesMember" unitRef="USD" decimals="-6">2000000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_3ME_01_Apr_2019T00_00_00_TO_30_Jun_2019T00_00_00_ProfitOrLossLocationAxis_AdministrativeExpensesMember" unitRef="USD" decimals="-5">9800000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">23400000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ProfitOrLossLocationAxis_OperatingExpensesMember" unitRef="USD" decimals="-6">4000000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:EmployeeBenefitsExpense contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ProfitOrLossLocationAxis_AdministrativeExpensesMember" unitRef="USD" decimals="-5">19400000</ifrs-full:EmployeeBenefitsExpense>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">97800000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">162700000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">27900000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-4900000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-4900000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-30200000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-30200000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-6">-8000000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-6">-8000000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">56700000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">113400000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">51400000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">63900000</ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment>
<ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">81800000</ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment>
<ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">67600000</ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">3200000</ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">2700000</ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-6">0</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-20400000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-54600000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-8400000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-17300000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-44200000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">-7000000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:InterestCostsCapitalised contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">62100000</ifrs-full:InterestCostsCapitalised>
<ifrs-full:InterestCostsCapitalised contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">67500000</ifrs-full:InterestCostsCapitalised>
<ifrs-full:InterestCostsCapitalised contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">55100000</ifrs-full:InterestCostsCapitalised>
<ifrs-full:ImpairmentLoss contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">2700000</ifrs-full:ImpairmentLoss>
<trmd:PrepaymentsOnVesselsAdditions contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">25800000</trmd:PrepaymentsOnVesselsAdditions>
<trmd:PrepaymentsOnVesselsAdditions contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">38900000</trmd:PrepaymentsOnVesselsAdditions>
<trmd:PrepaymentsOnVesselsAdditions contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">75600000</trmd:PrepaymentsOnVesselsAdditions>
<trmd:PrepaymentsOnVesselsTransferredToFromOtherItems contextRef="Context_6ME_01_Jan_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">-63900000</trmd:PrepaymentsOnVesselsTransferredToFromOtherItems>
<trmd:PrepaymentsOnVesselsTransferredToFromOtherItems contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-81800000</trmd:PrepaymentsOnVesselsTransferredToFromOtherItems>
<trmd:PrepaymentsOnVesselsTransferredToFromOtherItems contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">-67600000</trmd:PrepaymentsOnVesselsTransferredToFromOtherItems>
<trmd:NumberOfAdditionVesselsSold contextRef="Context_3ME_01_Apr_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_TormSanjacintoAndTormSaoneMember_NonadjustingEventsAfterReportingPeriodAxis_ClassificationOfAssetsAsHeldForSaleMember" unitRef="Vessel" decimals="0">2</trmd:NumberOfAdditionVesselsSold>
<trmd:NumberOfAdditionVesselsSold contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfAssetsAxis_NoncurrentAssetsHeldForSaleMember" unitRef="Vessel" decimals="0">3</trmd:NumberOfAdditionVesselsSold>
<trmd:NumbeRofVesselsDeliveredToNewOwner contextRef="Context_3ME_01_Jan_2019T00_00_00_TO_31_Mar_2019T00_00_00_ClassesOfAssetsAxis_NoncurrentAssetsHeldForSaleMember" unitRef="Vessel" decimals="INF">2</trmd:NumbeRofVesselsDeliveredToNewOwner>
<trmd:NumbeRofVesselsDeliveredToNewOwner contextRef="Context_3ME_01_Apr_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfAssetsAxis_NoncurrentAssetsHeldForSaleMember" unitRef="Vessel" decimals="INF">1</trmd:NumbeRofVesselsDeliveredToNewOwner>
<trmd:ProfitLossFromSaleOfVessels contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfAssetsAxis_NoncurrentAssetsHeldForSaleMember" unitRef="USD" decimals="-5">300000</trmd:ProfitLossFromSaleOfVessels>
<trmd:ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00_ClassesOfAssetsAxis_NoncurrentAssetsHeldForSaleMember" unitRef="USD" decimals="-5">2700000</trmd:ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00" unitRef="USD" decimals="-5">730900000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">90400000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-6">86000000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-6">86000000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5">381900000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-5">21800000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2018T00_00_00_TO_30_Jun_2018T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-5">64800000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">729500000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">92200000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5">87600000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5">343400000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5">96900000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6">10000000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2018T00_00_00_TO_31_Dec_2018T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-5">99400000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="USD" decimals="-5">696400000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_30_Jun_2019T00_00_00_TO_30_Jun_2019T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">87100000</trmd:MortgageDebtAndBankBorrowings>
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<trmd:NumberOfSaleAndLeasebackAgreements contextRef="Context_Custom_01_Aug_2019T00_00_00_TO_31_Aug_2019T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_TormAliceAndTormAlexandraMember_NonadjustingEventsAfterReportingPeriodAxis_ClassificationOfAssetsAsHeldForSaleMember" unitRef="Agreements" decimals="0">2</trmd:NumberOfSaleAndLeasebackAgreements>
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<trmd:NetDebtLoanToValueRatio contextRef="Context_6ME_01_Jan_2019T00_00_00_TO_30_Jun_2019T00_00_00" unitRef="pure" decimals="2">0.51</trmd:NetDebtLoanToValueRatio>

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<import namespace="http://xbrl.sec.gov/currency/2017-01-31" schemaLocation="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/exch/2018-01-31" schemaLocation="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/naics/2017-01-31" schemaLocation="http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/stpr/2018-01-31" schemaLocation="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd"/>
<import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>
<import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd"/>
<import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd"/>
<import namespace="http://xbrl.sec.gov/dei/2018-01-31" schemaLocation="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd"/>
<import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd"/>
<import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd"/>
<import namespace="http://fasb.org/us-types/2018-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2018/elts/us-types-2018-01-31.xsd"/>
<import namespace="http://xbrl.ifrs.org/taxonomy/2018-03-16/ifrs-full" schemaLocation="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd"/>
<import namespace="http://fasb.org/srt/2018-01-31" schemaLocation="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd"/>
<element name="DocumentAndEntityInformationAbstract" id="trmd_DocumentAndEntityInformationAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PortExpensesBunkersAndCommissions" id="trmd_PortExpensesBunkersAndCommissions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselsAndCapitalizedDrydock" id="trmd_VesselsAndCapitalizedDrydock" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ChangesInStockHoldersEquityRollForward" id="trmd_ChangesInStockHoldersEquityRollForward" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EffectOfReorganizationOnEquity" id="trmd_EffectOfReorganizationOnEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustedEquity" id="trmd_AdjustedEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherAdjustmentsForNon-CashItems" id="trmd_OtherAdjustmentsForNon-CashItems" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="RestrictedCashAmount" id="trmd_RestrictedCashAmount" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEmployeeBenefitsAbstract" id="trmd_DisclosureOfEmployeeBenefitsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfPrepaymentsOnVesselsAbstract" id="trmd_DisclosureOfPrepaymentsOnVesselsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" id="trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfNonCurrentAssetsSoldDuringYearAbstract" id="trmd_DisclosureOfNonCurrentAssetsSoldDuringYearAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" id="trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfMortgageDebtAndBankLoansAbstract" id="trmd_DisclosureOfMortgageDebtAndBankLoansAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfContractualCommitmentsAbstract" id="trmd_DisclosureOfContractualCommitmentsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfPostBalanceSheetDateEventsAbstract" id="trmd_DisclosureOfPostBalanceSheetDateEventsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfAccountingPoliciesAbstract" id="trmd_DisclosureOfAccountingPoliciesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" id="trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfStaffCostAbstract" id="trmd_DisclosureOfStaffCostAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" id="trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" id="trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEmployeeBenefitsTable" id="trmd_DisclosureOfEmployeeBenefitsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="ProfitOrLossLocationAxis" id="trmd_ProfitOrLossLocationAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="ProfitOrLossLocationDomain" id="trmd_ProfitOrLossLocationDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OperatingExpensesMember" id="trmd_OperatingExpensesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdministrativeExpensesMember" id="trmd_AdministrativeExpensesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEmployeeBenefitsLineItems" id="trmd_DisclosureOfEmployeeBenefitsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselsAndCapitalizedDryDockingMember" id="trmd_VesselsAndCapitalizedDryDockingMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PrepaymentsOnVesselsAdditions" id="trmd_PrepaymentsOnVesselsAdditions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PrepaymentsOnVesselsTransferredToFromOtherItems" id="trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" id="trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" id="trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfAdditionVesselsSold" id="trmd_NumberOfAdditionVesselsSold" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumbeRofVesselsDeliveredToNewOwner" id="trmd_NumbeRofVesselsDeliveredToNewOwner" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ProfitLossFromSaleOfVessels" id="trmd_ProfitLossFromSaleOfVessels" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" id="trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MortgageDebtAndBankLoansTable" id="trmd_MortgageDebtAndBankLoansTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="MortgageDebtAndBankLoansLineItems" id="trmd_MortgageDebtAndBankLoansLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MortgageDebtAndBankBorrowings" id="trmd_MortgageDebtAndBankBorrowings" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DanishShipFinanceMember" id="trmd_DanishShipFinanceMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AbnAmroMember" id="trmd_AbnAmroMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DirectIssuanceCostForBorrowings" id="trmd_DirectIssuanceCostForBorrowings" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdditionalBorrowings" id="trmd_AdditionalBorrowings" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfContractualObligationsAndRightsAbstract" id="trmd_DisclosureOfContractualObligationsAndRightsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ContractualObligationsRegardingNewBuilding" id="trmd_ContractualObligationsRegardingNewBuilding" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ContractualObligationsRegardingCommitmentsAndCharteredInVessels" id="trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TORMTorinoAndTORMTitanMember" id="trmd_TORMTorinoAndTORMTitanMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormAliceAndTormAlexandraMember" id="trmd_TormAliceAndTormAlexandraMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormSanjacintoAndTormSaoneMember" id="trmd_TormSanjacintoAndTormSaoneMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MeProductionMember" id="trmd_MeProductionMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfCounterparties" id="trmd_NumberOfCounterparties" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfSaleAndLeasebackAgreements" id="trmd_NumberOfSaleAndLeasebackAgreements" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="RepaymentOfExistingDebt" id="trmd_RepaymentOfExistingDebt" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AccountingPoliciesTable" id="trmd_AccountingPoliciesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="ClassesOfExpensesAxis" id="trmd_ClassesOfExpensesAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="ClassesOfExpensesDomain" id="trmd_ClassesOfExpensesDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DepreciationMember" id="trmd_DepreciationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialExpensesMember" id="trmd_FinancialExpensesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AccountingPoliciesLineItems" id="trmd_AccountingPoliciesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NetDebtLoanToValueRatio" id="trmd_NetDebtLoanToValueRatio" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>6
<FILENAME>trmd-20190630_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!--XBRL Document Modified with Ez-Editor Version 1.8.0.3 on Thursday, August 15, 2019 10:21:36 PM -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#CondensedConsolidatedIncomeStatement" roleURI="http://www.torm.com/role/CondensedConsolidatedIncomeStatement"/>
<calculationLink xlink:type="extended" xlink:role="http://www.torm.com/role/CondensedConsolidatedIncomeStatement">
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xlink:label="loc_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" order="10" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_PortExpensesBunkersAndCommissions" xlink:label="loc_trmd_PortExpensesBunkersAndCommissions"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_trmd_PortExpensesBunkersAndCommissions" order="20" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TransportationExpense" xlink:label="loc_ifrs-full_TransportationExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_TransportationExpense" order="30" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OperatingExpense" xlink:label="loc_ifrs-full_OperatingExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_OperatingExpense" order="40" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:label="loc_ifrs-full_GainsOnDisposalsOfNoncurrentAssets"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" order="50" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_ifrs-full_AdministrativeExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_AdministrativeExpense" order="60" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_OtherOperatingIncomeExpense" order="70" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" order="80" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" order="90" use="optional" weight="-1"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MarketComparableCompaniesMember" xlink:label="loc_ifrs-full_MarketComparableCompaniesMember_8"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_ifrs-full_AdministrativeExpense_9"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_trmd_AccountingPoliciesLineItems_0" xlink:to="loc_ifrs-full_AdministrativeExpense_9" order="10" use="optional"/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>8
<FILENAME>trmd-20190630_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!--XBRL Document Modified with Ez-Editor Version 1.8.0.3 on Thursday, August 15, 2019 10:21:36 PM -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel"/>
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DocumentAndEntityInformationAbstract" xlink:label="loc_F4248H746F72_trmd_DocumentAndEntityInformationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document And Entity Information [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DocumentAndEntityInformationAbstract" xlink:to="lab_H6460J968H94_trmd_DocumentAndEntityInformationAbstract"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_IF21F453I7K897H8F732_dei_EntityRegistrantName"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_dei_EntityRegistrantName" xml:lang="en-US">Entity Registrant Name</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_dei_EntityRegistrantName" xlink:to="lab_KH43H675K9M019J0H954_dei_EntityRegistrantName"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_F4248H746F72_dei_EntityCentralIndexKey"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_dei_EntityCentralIndexKey" xml:lang="en-US">Entity Central Index Key</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_dei_EntityCentralIndexKey" xlink:to="lab_H6460J968H94_dei_EntityCentralIndexKey"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_IF21F453I7K897H8F732_dei_CurrentFiscalYearEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_dei_CurrentFiscalYearEndDate" xml:lang="en-US">Current Fiscal Year End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_dei_CurrentFiscalYearEndDate" xlink:to="lab_KH43H675K9M019J0H954_dei_CurrentFiscalYearEndDate"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentType" xlink:label="loc_F4248H746F72_dei_DocumentType"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_dei_DocumentType" xml:lang="en-US">Document Type</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_dei_DocumentType" xlink:to="lab_H6460J968H94_dei_DocumentType"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_IF21F453I7K897H8F732_dei_DocumentPeriodEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_dei_DocumentPeriodEndDate" xml:lang="en-US">Document Period End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_dei_DocumentPeriodEndDate" xlink:to="lab_KH43H675K9M019J0H954_dei_DocumentPeriodEndDate"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_F4248H746F72_dei_AmendmentFlag"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_dei_AmendmentFlag" xml:lang="en-US">Amendment Flag</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_dei_AmendmentFlag" xlink:to="lab_H6460J968H94_dei_AmendmentFlag"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_IF21F453I7K897H8F732_dei_DocumentFiscalYearFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_dei_DocumentFiscalYearFocus" xml:lang="en-US">Document Fiscal Year Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_dei_DocumentFiscalYearFocus" xlink:to="lab_KH43H675K9M019J0H954_dei_DocumentFiscalYearFocus"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_F4248H746F72_dei_DocumentFiscalPeriodFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_dei_DocumentFiscalPeriodFocus" xml:lang="en-US">Document Fiscal Period Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_dei_DocumentFiscalPeriodFocus" xlink:to="lab_H6460J968H94_dei_DocumentFiscalPeriodFocus"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_IncomeStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncomeStatementAbstract" xml:lang="en-US">Profit or loss [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_IncomeStatementAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_IncomeStatementAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xlink:label="loc_F4248H746F72_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xml:lang="en-US">Revenue from rendering of cargo and mail transport services</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xml:lang="en-US">Revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xlink:to="lab_H6460J968H94_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_PortExpensesBunkersAndCommissions" xlink:label="loc_IF21F453I7K897H8F732_trmd_PortExpensesBunkersAndCommissions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port Expenses Bunkers And Commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">The amount of expenses associated to port expenses, bunkers and commissions.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_PortExpensesBunkersAndCommissions" xlink:to="lab_KH43H675K9M019J0H954_trmd_PortExpensesBunkersAndCommissions"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TransportationExpense" xlink:label="loc_F4248H746F72_ifrs-full_TransportationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_TransportationExpense" xml:lang="en-US">Transportation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_TransportationExpense" xml:lang="en-US">Charter hire</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_TransportationExpense" xml:lang="en-US">Charter hire</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_TransportationExpense" xlink:to="lab_H6460J968H94_ifrs-full_TransportationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OperatingExpense" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_OperatingExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_OperatingExpense" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_OperatingExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:label="loc_F4248H746F72_ifrs-full_GainsOnDisposalsOfNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xml:lang="en-US">Profit from sale of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xml:lang="en-US">Profit from sale of vessels</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:to="lab_H6460J968H94_ifrs-full_GainsOnDisposalsOfNoncurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AdministrativeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AdministrativeExpense" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AdministrativeExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="loc_F4248H746F72_ifrs-full_OtherOperatingIncomeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherOperatingIncomeExpense" xml:lang="en-US">Other operating income (expense)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherOperatingIncomeExpense" xml:lang="en-US">Other operating expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherOperatingIncomeExpense" xlink:to="lab_H6460J968H94_ifrs-full_OtherOperatingIncomeExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Share of profit (loss) of joint ventures accounted for using equity method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Share of profit/(loss) from joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Reversal of share of profit/(loss) from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_F4248H746F72_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment loss (reversal of impairment loss) recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment losses on tangible and intangible assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment losses on tangible and intangible assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_H6460J968H94_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepreciationExpense" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DepreciationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DepreciationExpense" xml:lang="en-US">Depreciation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DepreciationExpense" xml:lang="en-US">Depreciation expense relates to administrative expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DepreciationExpense" xml:lang="en-US">Depreciation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DepreciationExpense" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DepreciationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_F4248H746F72_ifrs-full_ProfitLossFromOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Profit (loss) from operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Operating profit/(loss) (EBIT)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Net loss from sale of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Operating profit/(loss) (EBIT)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="lab_H6460J968H94_ifrs-full_ProfitLossFromOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceIncome" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_FinanceIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_FinanceIncome" xml:lang="en-US">Finance income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_FinanceIncome" xml:lang="en-US">Financial income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_FinanceIncome" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_FinanceIncome" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_FinanceIncome" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_FinanceIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceCosts" xlink:label="loc_F4248H746F72_ifrs-full_FinanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_FinanceCosts" xml:lang="en-US">Finance costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_FinanceCosts" xml:lang="en-US">Financial expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_FinanceCosts" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_FinanceCosts" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_FinanceCosts" xml:lang="en-US">Financial expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_H6460J968H94_ifrs-full_FinanceCosts" xml:lang="en-US">Finance costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_FinanceCosts" xlink:to="lab_H6460J968H94_ifrs-full_FinanceCosts"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ProfitLossBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit (loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit/(loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit/(loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit/(loss) before tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossBeforeTax"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_F4248H746F72_ifrs-full_IncomeTaxExpenseContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax expense (income), continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_H6460J968H94_ifrs-full_IncomeTaxExpenseContinuingOperations"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ProfitLossFromContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Profit (loss) from continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/(loss) for the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/(loss) for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net loss from sale of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Profit and loss from continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/(loss) for the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/loss for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ProfitLossFromContinuingOperations" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ProfitLossFromContinuingOperations"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="loc_F4248H746F72_ifrs-full_EarningsPerShareAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_EarningsPerShareAbstract" xml:lang="en-US">Earnings per share [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_EarningsPerShareAbstract" xml:lang="en-US">EARNINGS PER SHARE</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_H6460J968H94_ifrs-full_EarningsPerShareAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_BasicEarningsLossPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings (loss) per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings/(loss) per share (USD) (in dollars per share)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings/(loss) per share (USD)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_BasicEarningsLossPerShare"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="loc_F4248H746F72_ifrs-full_DilutedEarningsLossPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings (loss) per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings/(loss) per share (USD) (in dollars per share)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings/(loss) per share (USD)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_H6460J968H94_ifrs-full_DilutedEarningsLossPerShare"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfComprehensiveIncomeAbstract" xml:lang="en-US">Statement of comprehensive income [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="loc_F4248H746F72_ifrs-full_OtherComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherComprehensiveIncomeAbstract" xml:lang="en-US">Other comprehensive income [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherComprehensiveIncomeAbstract" xml:lang="en-US">Other comprehensive income/(loss):</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_H6460J968H94_ifrs-full_OtherComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xml:lang="en-US">Items that may be reclassified to profit or loss:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="loc_F4248H746F72_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US">Gains (losses) on exchange differences on translation, before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US">Exchange rate adjustment arising from translation of entities using a functional currency different from USD</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_H6460J968H94_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Other comprehensive income, before tax, cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Fair value adjustment on hedging instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:label="loc_F4248H746F72_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xml:lang="en-US">Reclassification adjustments on cash flow hedges, before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xml:lang="en-US">Fair value adjustment on hedging instruments transferred to income statement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xml:lang="en-US">Fair value adjustment on hedging instruments transferred to income statement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:to="lab_H6460J968H94_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xml:lang="en-US">Items that may not be reclassified to profit or loss:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="loc_F4248H746F72_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xml:lang="en-US">Remeasurements of net pension and other post-retirement benefit liability or asset</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="lab_H6460J968H94_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_OtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other compre-hensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income/(loss) for the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income/(loss) after tax 1)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_OtherComprehensiveIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_F4248H746F72_ifrs-full_ComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total comprehensive income/(loss) for the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total compre-hensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total comprehensive income/(loss) for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ComprehensiveIncome" xlink:to="lab_H6460J968H94_ifrs-full_ComprehensiveIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfFinancialPositionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfFinancialPositionAbstract" xml:lang="en-US">Statement of financial position [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfFinancialPositionAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAbstract" xlink:label="loc_F4248H746F72_ifrs-full_AssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AssetsAbstract" xml:lang="en-US">Assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AssetsAbstract" xml:lang="en-US">ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AssetsAbstract" xlink:to="lab_H6460J968H94_ifrs-full_AssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsAbstract" xml:lang="en-US">Non-current assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsAbstract" xml:lang="en-US">NON-CURRENT ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:label="loc_F4248H746F72_ifrs-full_PropertyPlantAndEquipmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_PropertyPlantAndEquipmentAbstract" xml:lang="en-US">Property, plant and equipment [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_PropertyPlantAndEquipmentAbstract" xml:lang="en-US">Tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:to="lab_H6460J968H94_ifrs-full_PropertyPlantAndEquipmentAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LandAndBuildings" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_LandAndBuildings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LandAndBuildings" xml:lang="en-US">Land and buildings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_LandAndBuildings" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_LandAndBuildings"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_VesselsAndCapitalizedDrydock" xlink:label="loc_F4248H746F72_trmd_VesselsAndCapitalizedDrydock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_VesselsAndCapitalizedDrydock" xml:lang="en-US">Vessels And Capitalized Drydock</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_VesselsAndCapitalizedDrydock" xml:lang="en-US">Vessels and capitalized dry-docking</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_VesselsAndCapitalizedDrydock" xml:lang="en-US">Represnts the amount of property, plant and equipment representing seafaring or other maritime vessels and capitalized dry-dock used in the entity's operations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_VesselsAndCapitalizedDrydock" xlink:to="lab_H6460J968H94_trmd_VesselsAndCapitalizedDrydock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentPrepayments" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentPrepayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Non-current prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Prepayments on vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Carrying amount as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentPrepayments" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentPrepayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherPropertyPlantAndEquipment" xlink:label="loc_F4248H746F72_ifrs-full_OtherPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherPropertyPlantAndEquipment" xml:lang="en-US">Other property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherPropertyPlantAndEquipment" xml:lang="en-US">Other plant and operating equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherPropertyPlantAndEquipment" xlink:to="lab_H6460J968H94_ifrs-full_OtherPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_PropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Total tangible fixed assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_PropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xlink:label="loc_F4248H746F72_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xml:lang="en-US">Categories of non-current financial assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xml:lang="en-US">Financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xlink:to="lab_H6460J968H94_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsInJointVentures" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_InvestmentsInJointVentures"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InvestmentsInJointVentures" xml:lang="en-US">Investments in joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InvestmentsInJointVentures" xml:lang="en-US">Investments in joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_InvestmentsInJointVentures" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_InvestmentsInJointVentures"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentFinancialAssets" xlink:label="loc_F4248H746F72_ifrs-full_NoncurrentFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentFinancialAssets" xml:lang="en-US">Non-current financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentFinancialAssets" xml:lang="en-US">Total financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentFinancialAssets" xml:lang="en-US">Total financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_NoncurrentFinancialAssets" xlink:to="lab_H6460J968H94_ifrs-full_NoncurrentFinancialAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssets" xml:lang="en-US">Non-current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssets" xml:lang="en-US">Total non-current assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssets" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="loc_F4248H746F72_ifrs-full_CurrentAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentAssetsAbstract" xml:lang="en-US">Current assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentAssetsAbstract" xml:lang="en-US">CURRENT ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentAssetsAbstract" xlink:to="lab_H6460J968H94_ifrs-full_CurrentAssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InventoriesTotal" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_InventoriesTotal"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InventoriesTotal" xml:lang="en-US">Inventories</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InventoriesTotal" xml:lang="en-US">Bunkers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_InventoriesTotal" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_InventoriesTotal"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="loc_F4248H746F72_ifrs-full_CurrentTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentTradeReceivables" xml:lang="en-US">Current trade receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentTradeReceivables" xml:lang="en-US">Freight receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentTradeReceivables" xlink:to="lab_H6460J968H94_ifrs-full_CurrentTradeReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_OtherCurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherCurrentReceivables" xml:lang="en-US">Other current receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_OtherCurrentReceivables" xml:lang="en-US">Other receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_OtherCurrentReceivables" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_OtherCurrentReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentPrepayments" xlink:label="loc_F4248H746F72_ifrs-full_CurrentPrepayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentPrepayments" xml:lang="en-US">Current prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentPrepayments" xml:lang="en-US">Prepayments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentPrepayments" xlink:to="lab_H6460J968H94_ifrs-full_CurrentPrepayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RestrictedCashAndCashEquivalents" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_RestrictedCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RestrictedCashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RestrictedCashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents including restricted cash, ending balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_RestrictedCashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="loc_F4248H746F72_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xml:lang="en-US">Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xml:lang="en-US">Current assets, excluding assets held-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="lab_H6460J968H94_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xml:lang="en-US">Assets held-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="loc_F4248H746F72_ifrs-full_CurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentAssets" xml:lang="en-US">Current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentAssets" xml:lang="en-US">Total current assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentAssets" xlink:to="lab_H6460J968H94_ifrs-full_CurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Assets" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_Assets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_Assets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_Assets" xml:lang="en-US">TOTAL ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_Assets" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_Assets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="loc_F4248H746F72_ifrs-full_EquityAndLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_EquityAndLiabilitiesAbstract" xml:lang="en-US">Equity and liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_EquityAndLiabilitiesAbstract" xml:lang="en-US">EQUITY AND LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_H6460J968H94_ifrs-full_EquityAndLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_EquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_EquityAbstract" xml:lang="en-US">Equity [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_EquityAbstract" xml:lang="en-US">EQUITY</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_EquityAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_EquityAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="loc_F4248H746F72_ifrs-full_IssuedCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_IssuedCapital" xml:lang="en-US">Issued capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IssuedCapital" xml:lang="en-US">Common shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IssuedCapital" xml:lang="en-US">Share capital</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_IssuedCapital" xlink:to="lab_H6460J968H94_ifrs-full_IssuedCapital"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SharePremium" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_SharePremium"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_SharePremium" xml:lang="en-US">Share premium</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_SharePremium" xml:lang="en-US">Share premium</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_SharePremium" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_SharePremium"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="loc_F4248H746F72_ifrs-full_TreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_TreasuryShares" xml:lang="en-US">Total consideration for the treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_TreasuryShares" xlink:to="lab_H6460J968H94_ifrs-full_TreasuryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfCashFlowHedges" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ReserveOfCashFlowHedges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ReserveOfCashFlowHedges" xml:lang="en-US">Reserve of cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ReserveOfCashFlowHedges" xml:lang="en-US">Hedging reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ReserveOfCashFlowHedges" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ReserveOfCashFlowHedges"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:label="loc_F4248H746F72_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xml:lang="en-US">Reserve of change in value of foreign currency basis spreads</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xml:lang="en-US">Translation reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:to="lab_H6460J968H94_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_RetainedEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RetainedEarnings" xml:lang="en-US">Retained earnings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RetainedEarnings" xml:lang="en-US">Retained profit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_RetainedEarnings" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_RetainedEarnings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Equity" xlink:label="loc_F4248H746F72_ifrs-full_Equity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_Equity" xml:lang="en-US">Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_Equity" xml:lang="en-US">Raised equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_Equity" xml:lang="en-US">Total equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_H6460J968H94_ifrs-full_Equity" xml:lang="en-US">Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_H6460J968H94_ifrs-full_Equity" xml:lang="en-US">Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_Equity" xlink:to="lab_H6460J968H94_ifrs-full_Equity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_LiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LiabilitiesAbstract" xml:lang="en-US">Liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LiabilitiesAbstract" xml:lang="en-US">LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_LiabilitiesAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_LiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="loc_F4248H746F72_ifrs-full_NoncurrentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentLiabilitiesAbstract" xml:lang="en-US">Non-current liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentLiabilitiesAbstract" xml:lang="en-US">NON-CURRENT LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="lab_H6460J968H94_ifrs-full_NoncurrentLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DeferredTaxLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DeferredTaxLiabilities" xml:lang="en-US">Deferred tax liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DeferredTaxLiabilities" xml:lang="en-US">Deferred tax liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DeferredTaxLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LongtermBorrowings" xlink:label="loc_F4248H746F72_ifrs-full_LongtermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_LongtermBorrowings" xml:lang="en-US">Non-current portion of non-current borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_LongtermBorrowings" xml:lang="en-US">Mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_LongtermBorrowings" xml:lang="en-US">Hereof non-current</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_LongtermBorrowings" xlink:to="lab_H6460J968H94_ifrs-full_LongtermBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentLeaseLiabilities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentLeaseLiabilities" xml:lang="en-US">Non-current lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentLeaseLiabilities" xml:lang="en-US">Lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentLeaseLiabilities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentLeaseLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="loc_F4248H746F72_ifrs-full_NoncurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentLiabilities" xml:lang="en-US">Non-current liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_NoncurrentLiabilities" xml:lang="en-US">Total non-current liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_NoncurrentLiabilities" xlink:to="lab_H6460J968H94_ifrs-full_NoncurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CurrentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CurrentLiabilitiesAbstract" xml:lang="en-US">Current liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CurrentLiabilitiesAbstract" xml:lang="en-US">CURRENT LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CurrentLiabilitiesAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CurrentLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:label="loc_F4248H746F72_ifrs-full_CurrentPortionOfLongtermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentPortionOfLongtermBorrowings" xml:lang="en-US">Current portion of non-current borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentPortionOfLongtermBorrowings" xml:lang="en-US">Mortgage debt and bank loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:to="lab_H6460J968H94_ifrs-full_CurrentPortionOfLongtermBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CurrentLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CurrentLeaseLiabilities" xml:lang="en-US">Current lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CurrentLeaseLiabilities" xml:lang="en-US">Lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CurrentLeaseLiabilities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CurrentLeaseLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:label="loc_F4248H746F72_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xml:lang="en-US">Current trade payables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xml:lang="en-US">Trade payables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="lab_H6460J968H94_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CurrentTaxLiabilitiesCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CurrentTaxLiabilitiesCurrent" xml:lang="en-US">Current tax liabilities, current</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CurrentTaxLiabilitiesCurrent" xml:lang="en-US">Current tax liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CurrentTaxLiabilitiesCurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="loc_F4248H746F72_ifrs-full_OtherCurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Other current liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Other liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Balance as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Balance as of 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherCurrentLiabilities" xlink:to="lab_H6460J968H94_ifrs-full_OtherCurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredIncomeClassifiedAsCurrent" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DeferredIncomeClassifiedAsCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DeferredIncomeClassifiedAsCurrent" xml:lang="en-US">Deferred income classified as current</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DeferredIncomeClassifiedAsCurrent" xml:lang="en-US">Deferred income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DeferredIncomeClassifiedAsCurrent" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DeferredIncomeClassifiedAsCurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="loc_F4248H746F72_ifrs-full_CurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CurrentLiabilities" xml:lang="en-US">Current liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_CurrentLiabilities" xml:lang="en-US">Total current liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CurrentLiabilities" xlink:to="lab_H6460J968H94_ifrs-full_CurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Liabilities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_Liabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_Liabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_Liabilities" xml:lang="en-US">Total liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_Liabilities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_Liabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_F4248H746F72_ifrs-full_EquityAndLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_EquityAndLiabilities" xml:lang="en-US">Equity and liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_EquityAndLiabilities" xml:lang="en-US">TOTAL EQUITY AND LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_EquityAndLiabilities" xlink:to="lab_H6460J968H94_ifrs-full_EquityAndLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfChangesInEquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfChangesInEquityAbstract" xml:lang="en-US">Statement of changes in equity [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfChangesInEquityAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="loc_F4248H746F72_ifrs-full_StatementOfChangesInEquityTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_StatementOfChangesInEquityTable" xml:lang="en-US">Statement of changes in equity [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_H6460J968H94_ifrs-full_StatementOfChangesInEquityTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ComponentsOfEquityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfEquityAxis" xml:lang="en-US">Components of equity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ComponentsOfEquityAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="loc_F4248H746F72_ifrs-full_IssuedCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_IssuedCapitalMember" xml:lang="en-US">Issued capital [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IssuedCapitalMember" xml:lang="en-US">Common shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_IssuedCapitalMember" xlink:to="lab_H6460J968H94_ifrs-full_IssuedCapitalMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SharePremiumMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_SharePremiumMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_SharePremiumMember" xml:lang="en-US">Share premium [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_SharePremiumMember" xml:lang="en-US">Share premium</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_SharePremiumMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_SharePremiumMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TreasurySharesMember" xlink:label="loc_F4248H746F72_ifrs-full_TreasurySharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_TreasurySharesMember" xml:lang="en-US">Treasury shares [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_TreasurySharesMember" xml:lang="en-US">Treasury shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_TreasurySharesMember" xlink:to="lab_H6460J968H94_ifrs-full_TreasurySharesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ReserveOfCashFlowHedgesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Reserve of cash flow hedges [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Hedging reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ReserveOfCashFlowHedgesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="loc_F4248H746F72_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Reserve of change in value of foreign currency basis spreads [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Translation reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_H6460J968H94_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetainedEarningsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_RetainedEarningsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RetainedEarningsMember" xml:lang="en-US">Retained earnings [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RetainedEarningsMember" xml:lang="en-US">Retained profit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_RetainedEarningsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_RetainedEarningsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityMember" xlink:label="loc_F4248H746F72_ifrs-full_EquityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_EquityMember" xml:lang="en-US">Equity [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_EquityMember" xlink:to="lab_H6460J968H94_ifrs-full_EquityMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfChangesInEquityLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfChangesInEquityLineItems" xml:lang="en-US">Statement of changes in equity [line items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfChangesInEquityLineItems" xml:lang="en-US">Statement of changes in equity [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_StatementOfChangesInEquityLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ChangesInStockHoldersEquityRollForward" xlink:label="loc_F4248H746F72_trmd_ChangesInStockHoldersEquityRollForward"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_ChangesInStockHoldersEquityRollForward" xml:lang="en-US">Changes In Stock Holders Equity Roll Forward [Roll Forward]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_ChangesInStockHoldersEquityRollForward" xml:lang="en-US">Changes in Stockholders' Equity [Roll Forward]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_ChangesInStockHoldersEquityRollForward" xml:lang="en-US">A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_ChangesInStockHoldersEquityRollForward" xlink:to="lab_H6460J968H94_trmd_ChangesInStockHoldersEquityRollForward"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_EffectOfReorganizationOnEquity" xlink:label="loc_IF21F453I7K897H8F732_trmd_EffectOfReorganizationOnEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_EffectOfReorganizationOnEquity" xml:lang="en-US">Effect Of Reorganization On Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_EffectOfReorganizationOnEquity" xml:lang="en-US">Effect as of 1 January 2018 of IFRS 15 implementation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_EffectOfReorganizationOnEquity" xml:lang="en-US">The effect on the beginning balance of equity due to reorganization of entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_EffectOfReorganizationOnEquity" xlink:to="lab_KH43H675K9M019J0H954_trmd_EffectOfReorganizationOnEquity"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_AdjustedEquity" xlink:label="loc_F4248H746F72_trmd_AdjustedEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_AdjustedEquity" xml:lang="en-US">Adjusted Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_AdjustedEquity" xml:lang="en-US">Adjusted equity as of 1 January 2018</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_AdjustedEquity" xml:lang="en-US">The amount related to adjusted equity after asjustment in accounting policy.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_AdjustedEquity" xlink:to="lab_H6460J968H94_trmd_AdjustedEquity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncomeAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ComprehensiveIncomeAbstract" xml:lang="en-US">Comprehensive income/loss for the year:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ComprehensiveIncomeAbstract" xml:lang="en-US">Comprehensive income/(loss) for the period:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ComprehensiveIncomeAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssueOfEquity" xlink:label="loc_F4248H746F72_ifrs-full_IssueOfEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_IssueOfEquity" xml:lang="en-US">Issue of equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IssueOfEquity" xml:lang="en-US">Capital increase</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_IssueOfEquity" xlink:to="lab_H6460J968H94_ifrs-full_IssueOfEquity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xml:lang="en-US">Increase (decrease) through change in equity of subsidiaries, equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xml:lang="en-US">Shareholders' contribution</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareIssueRelatedCost" xlink:label="loc_F4248H746F72_ifrs-full_ShareIssueRelatedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ShareIssueRelatedCost" xml:lang="en-US">Share issue related cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ShareIssueRelatedCost" xml:lang="en-US">Transaction costs share issue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_ShareIssueRelatedCost" xml:lang="en-US">Transaction costs capital increase</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ShareIssueRelatedCost" xlink:to="lab_H6460J968H94_ifrs-full_ShareIssueRelatedCost"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xml:lang="en-US">Increase (decrease) through share-based payment transactions, equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xml:lang="en-US">Share-based compensation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaid" xlink:label="loc_F4248H746F72_ifrs-full_DividendsPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DividendsPaid" xml:lang="en-US">Dividends recognised as distributions to owners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DividendsPaid" xml:lang="en-US">Dividend paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_DividendsPaid" xml:lang="en-US">Dividend paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DividendsPaid" xlink:to="lab_H6460J968H94_ifrs-full_DividendsPaid"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInEquity" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ChangesInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ChangesInEquity" xml:lang="en-US">Increase (decrease) in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ChangesInEquity" xml:lang="en-US">Total changes in equity for the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ChangesInEquity" xml:lang="en-US">Total changes in equity 2015, 2016 and 2017</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ChangesInEquity" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ChangesInEquity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="loc_F4248H746F72_ifrs-full_StatementOfCashFlowsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_StatementOfCashFlowsAbstract" xml:lang="en-US">Statement of cash flows [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_H6460J968H94_ifrs-full_StatementOfCashFlowsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US">CASH FLOW FROM OPERATING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="loc_F4248H746F72_ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xml:lang="en-US">Adjustments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_H6460J968H94_ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xml:lang="en-US">Reversal of profit from sale of vessels</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDepreciationExpense" xlink:label="loc_F4248H746F72_ifrs-full_AdjustmentsForDepreciationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForDepreciationExpense" xml:lang="en-US">Adjustments for depreciation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForDepreciationExpense" xml:lang="en-US">Reversal of amortization and depreciation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AdjustmentsForDepreciationExpense" xlink:to="lab_H6460J968H94_ifrs-full_AdjustmentsForDepreciationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Reversal of impairment loss on tangible assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="loc_F4248H746F72_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US">Adjustments for gain (loss) on disposal of investments in subsidiaries, joint ventures and associates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US">Reversal of share of profit/(loss) from joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US">Reversal of share of profit/(loss) from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_H6460J968H94_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForFinanceIncome" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForFinanceIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForFinanceIncome" xml:lang="en-US">Adjustments for finance income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForFinanceIncome" xml:lang="en-US">Reversal of financial income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForFinanceIncome" xml:lang="en-US">Reversal of financial income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForFinanceIncome" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForFinanceIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForFinanceCosts" xlink:label="loc_F4248H746F72_ifrs-full_AdjustmentsForFinanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForFinanceCosts" xml:lang="en-US">Adjustments for finance costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AdjustmentsForFinanceCosts" xml:lang="en-US">Reversal of financial expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AdjustmentsForFinanceCosts" xlink:to="lab_H6460J968H94_ifrs-full_AdjustmentsForFinanceCosts"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForIncomeTaxExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForIncomeTaxExpense" xml:lang="en-US">Adjustments for income tax expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForIncomeTaxExpense" xml:lang="en-US">Reversal of tax expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AdjustmentsForIncomeTaxExpense"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_OtherAdjustmentsForNon-CashItems" xlink:label="loc_F4248H746F72_trmd_OtherAdjustmentsForNon-CashItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Other Adjustments For Non-Cash Items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Reversal of other non-cash movements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Reversal of other non-cash movements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_OtherAdjustmentsForNon-CashItems" xlink:to="lab_H6460J968H94_trmd_OtherAdjustmentsForNon-CashItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Dividends received, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Dividends received from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="loc_F4248H746F72_ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Interest received, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Interest received and realized exchange gains</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_H6460J968H94_ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid and realized exchange losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid and realized exchange losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:label="loc_F4248H746F72_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income taxes paid, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income taxes paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income taxes paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="lab_H6460J968H94_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseInWorkingCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Increase (decrease) in working capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Change in bunkers, receivables and payables, etc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Change in bunkers, receivables and payables, etc.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseInWorkingCapital"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_F4248H746F72_ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US">Cash flows from (used in) operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_H6460J968H94_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US">Net cash flow from operating activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_H6460J968H94_ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en-US">CASH FLOW FROM INVESTING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_F4248H746F72_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Investment in tangible fixed assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Investment in tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_H6460J968H94_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfInvestmentProperty" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_PurchaseOfInvestmentProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PurchaseOfInvestmentProperty" xml:lang="en-US">Purchase of investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PurchaseOfInvestmentProperty" xml:lang="en-US">Investments in joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_PurchaseOfInvestmentProperty" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_PurchaseOfInvestmentProperty"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_F4248H746F72_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Sale of tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_H6460J968H94_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US">Cash flows from (used in) investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US">Net cash flow from investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="loc_F4248H746F72_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en-US">CASH FLOW FROM FINANCING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_H6460J968H94_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Proceeds from borrowings, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Borrowing, mortgage debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_F4248H746F72_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Repayments of borrowings, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Repayment/redemption, mortgage debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Repayment, mortgage debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="lab_H6460J968H94_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US">Payments of finance lease liabilities, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US">Repayment/redemption, finance lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US">Repayment, lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromIssuingShares" xlink:label="loc_F4248H746F72_ifrs-full_ProceedsFromIssuingShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromIssuingShares" xml:lang="en-US">Proceeds from issuing shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromIssuingShares" xml:lang="en-US">Capital increase</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromIssuingShares" xml:lang="en-US">Capital increase</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ProceedsFromIssuingShares" xlink:to="lab_H6460J968H94_ifrs-full_ProceedsFromIssuingShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PaymentsForShareIssueCosts" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_PaymentsForShareIssueCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsForShareIssueCosts" xml:lang="en-US">Payments for share issue costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsForShareIssueCosts" xml:lang="en-US">Transaction costs share issue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsForShareIssueCosts" xml:lang="en-US">Transaction costs capital increase</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_PaymentsForShareIssueCosts" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_PaymentsForShareIssueCosts"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:label="loc_F4248H746F72_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xml:lang="en-US">Other inflows (outflows) of cash, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xml:lang="en-US">Change in restricted cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xml:lang="en-US">Change in restricted cash</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:to="lab_H6460J968H94_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US">Cash flows from (used in) financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US">Net cash flow from financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_F4248H746F72_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="en-US">Increase (decrease) in cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="en-US">Net cash flow from operating, investing and financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_H6460J968H94_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents, beginning balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents, ending balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CashAndCashEquivalents" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_RestrictedCashAmount" xlink:label="loc_F4248H746F72_trmd_RestrictedCashAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_RestrictedCashAmount" xml:lang="en-US">Restricted Cash Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_RestrictedCashAmount" xml:lang="en-US">Restricted cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_RestrictedCashAmount" xml:lang="en-US">Represent Amount of restricted cash.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_RestrictedCashAmount" xlink:to="lab_H6460J968H94_trmd_RestrictedCashAmount"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfEmployeeBenefitsAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfEmployeeBenefitsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfEmployeeBenefitsAbstract" xml:lang="en-US">Disclosure Of Employee Benefits [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfEmployeeBenefitsAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfEmployeeBenefitsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xml:lang="en-US">Disclosure of employee benefits [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xml:lang="en-US">STAFF COSTS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">Disclosure of property, plant and equipment [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">VESSELS AND CAPITALIZED DRY-DOCKING</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfPrepaymentsOnVesselsAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfPrepaymentsOnVesselsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPrepaymentsOnVesselsAbstract" xml:lang="en-US">Disclosure Of Prepayments On Vessels [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfPrepaymentsOnVesselsAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPrepaymentsOnVesselsAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" xlink:label="loc_F4248H746F72_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Prepayments On Vessels Explanatory [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" xml:lang="en-US">PREPAYMENTS ON VESSELS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" xml:lang="en-US">The disclosure prepayments on vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock" xlink:to="lab_H6460J968H94_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfNonCurrentAssetsSoldDuringYearAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearAbstract" xml:lang="en-US">Disclosure Of Non Current Assets Sold During Year [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" xlink:label="loc_F4248H746F72_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" xml:lang="en-US">Disclosure Of Non Current Assets Sold During Year [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" xml:lang="en-US">ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" xml:lang="en-US">Represents information related to assets held for sale and non current assets sold during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock" xlink:to="lab_H6460J968H94_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfMortgageDebtAndBankLoansAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfMortgageDebtAndBankLoansAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfMortgageDebtAndBankLoansAbstract" xml:lang="en-US">Disclosure Of Mortgage Debt And Bank Loans [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfMortgageDebtAndBankLoansAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfMortgageDebtAndBankLoansAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfBorrowingsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfBorrowingsExplanatory" xml:lang="en-US">Disclosure of borrowings [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfBorrowingsExplanatory" xml:lang="en-US">MORTGAGE DEBT AND BANK LOANS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfBorrowingsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationAbstract" xml:lang="en-US">Disclosure of contingent liabilities in business combination [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory" xml:lang="en-US">Disclosure of contingent liabilities in business combination [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory" xml:lang="en-US">CONTINGENT LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfContractualCommitmentsAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfContractualCommitmentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfContractualCommitmentsAbstract" xml:lang="en-US">Disclosure Of Contractual Commitments [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfContractualCommitmentsAbstract" xml:lang="en-US">Disclosure Of Contractual Commitments [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfContractualCommitmentsAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfContractualCommitmentsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfCommitmentsExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfCommitmentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfCommitmentsExplanatory" xml:lang="en-US">Disclosure of commitments [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfCommitmentsExplanatory" xml:lang="en-US">CONTRACTUAL OBLIGATIONS AND RIGHTS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfCommitmentsExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfCommitmentsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfPostBalanceSheetDateEventsAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfPostBalanceSheetDateEventsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPostBalanceSheetDateEventsAbstract" xml:lang="en-US">Disclosure Of Post Balance Sheet Date Events [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfPostBalanceSheetDateEventsAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPostBalanceSheetDateEventsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xml:lang="en-US">Disclosure of events after reporting period [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xml:lang="en-US">POST BALANCE SHEET DATE EVENTS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfAccountingPoliciesAbstract" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfAccountingPoliciesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfAccountingPoliciesAbstract" xml:lang="en-US">Disclosure Of Accounting Policies [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfAccountingPoliciesAbstract" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfAccountingPoliciesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xml:lang="en-US">Disclosure of changes in accounting policies [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xml:lang="en-US">ACCOUNTING POLICIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:label="loc_IF21F453I7K897H8F732_trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xml:lang="en-US">Description Of Accounting Policy For Going Concern [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xml:lang="en-US">Going concern</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xml:lang="en-US">The description of the entity's accounting policy for going concern.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:to="lab_KH43H675K9M019J0H954_trmd_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfStaffCostAbstract" xlink:label="loc_F4248H746F72_trmd_DisclosureOfStaffCostAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfStaffCostAbstract" xml:lang="en-US">Disclosure Of Staff Cost [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfStaffCostAbstract" xml:lang="en-US">Represents Disclosure of staff cost.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfStaffCostAbstract" xlink:to="lab_H6460J968H94_trmd_DisclosureOfStaffCostAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xml:lang="en-US">Disclosure of number and weighted average exercise prices of other equity instruments [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xml:lang="en-US">Schedule of staff costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReclassificationOfFinancialAssetsExplanatory" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfReclassificationOfFinancialAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfReclassificationOfFinancialAssetsExplanatory" xml:lang="en-US">Disclosure of reclassification of financial assets [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfReclassificationOfFinancialAssetsExplanatory" xml:lang="en-US">Schedule of vessels written-down to agreed net sales prices</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfReclassificationOfFinancialAssetsExplanatory" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfReclassificationOfFinancialAssetsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" xml:lang="en-US">Disclosure Of Prepayments On Vessels Explanatory [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" xml:lang="en-US">Schedule of prepayments on vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" xml:lang="en-US">The disclosure of the prepayments on vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" xlink:label="loc_F4248H746F72_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" xml:lang="en-US">Disclosure Of Mortgage Debt And Bank Loans Explanatory [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" xml:lang="en-US">Schedule of repayment of mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" xml:lang="en-US">The disclosure of the mortgage debt and bank loans.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock" xlink:to="lab_H6460J968H94_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfEmployeeBenefitsTable" xlink:label="loc_IF21F453I7K897H8F732_trmd_DisclosureOfEmployeeBenefitsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfEmployeeBenefitsTable" xml:lang="en-US">Disclosure Of Employee Benefits [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_DisclosureOfEmployeeBenefitsTable" xml:lang="en-US">Represents the tabular information related to employee benefit expense.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DisclosureOfEmployeeBenefitsTable" xlink:to="lab_KH43H675K9M019J0H954_trmd_DisclosureOfEmployeeBenefitsTable"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ProfitOrLossLocationAxis" xlink:label="loc_F4248H746F72_trmd_ProfitOrLossLocationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_ProfitOrLossLocationAxis" xml:lang="en-US">Profit Or Loss Location [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_ProfitOrLossLocationAxis" xml:lang="en-US">Information by location in proft or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_ProfitOrLossLocationAxis" xlink:to="lab_H6460J968H94_trmd_ProfitOrLossLocationAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ProfitOrLossLocationDomain" xlink:label="loc_IF21F453I7K897H8F732_trmd_ProfitOrLossLocationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_ProfitOrLossLocationDomain" xml:lang="en-US">Profit Or Loss Location [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_ProfitOrLossLocationDomain" xml:lang="en-US">Information by location in proft or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_ProfitOrLossLocationDomain" xlink:to="lab_KH43H675K9M019J0H954_trmd_ProfitOrLossLocationDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_OperatingExpensesMember" xlink:label="loc_F4248H746F72_trmd_OperatingExpensesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_OperatingExpensesMember" xml:lang="en-US">Operating Expenses [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_OperatingExpensesMember" xml:lang="en-US">Operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_OperatingExpensesMember" xml:lang="en-US">Primary financial statement caption encompassing expenses associated with normal operations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_OperatingExpensesMember" xlink:to="lab_H6460J968H94_trmd_OperatingExpensesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_AdministrativeExpensesMember" xlink:label="loc_IF21F453I7K897H8F732_trmd_AdministrativeExpensesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_AdministrativeExpensesMember" xml:lang="en-US">Administrative Expenses [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_AdministrativeExpensesMember" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_AdministrativeExpensesMember" xml:lang="en-US">Primary financial statement caption encompassing expenses associated with administrative expense.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_AdministrativeExpensesMember" xlink:to="lab_KH43H675K9M019J0H954_trmd_AdministrativeExpensesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfEmployeeBenefitsLineItems" xlink:label="loc_F4248H746F72_trmd_DisclosureOfEmployeeBenefitsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Disclosure Of Employee Benefits [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Total staff costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Non-Executive Board and Committee Remuneration, Short term</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfEmployeeBenefitsLineItems" xlink:to="lab_H6460J968H94_trmd_DisclosureOfEmployeeBenefitsLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_EmployeeBenefitsExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Employee benefits expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Staff costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_EmployeeBenefitsExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xml:lang="en-US">Classes of property, plant and equipment [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="loc_F4248H746F72_ifrs-full_PropertyPlantAndEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_PropertyPlantAndEquipmentMember" xml:lang="en-US">Property, plant and equipment [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_H6460J968H94_ifrs-full_PropertyPlantAndEquipmentMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_VesselsAndCapitalizedDryDockingMember" xlink:label="loc_IF21F453I7K897H8F732_trmd_VesselsAndCapitalizedDryDockingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_VesselsAndCapitalizedDryDockingMember" xml:lang="en-US">Vessels And Capitalized Dry Docking [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_VesselsAndCapitalizedDryDockingMember" xml:lang="en-US">Vessels and capitalized dry docking</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_VesselsAndCapitalizedDryDockingMember" xml:lang="en-US">This member stands for vessels and capitalized dry docking representing property, plant and equipment that the entity does not separately disclose in the same statement or note.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_VesselsAndCapitalizedDryDockingMember" xlink:to="lab_KH43H675K9M019J0H954_trmd_VesselsAndCapitalizedDryDockingMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="loc_F4248H746F72_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="lab_H6460J968H94_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CarryingAmountMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_CarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_CarryingAmountMember" xml:lang="en-US">Carrying amount [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_CarryingAmountMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_CarryingAmountMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="loc_F4248H746F72_ifrs-full_GrossCarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Gross carrying amount [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Gross</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_H6460J968H94_ifrs-full_GrossCarryingAmountMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xml:lang="en-US">Accumulated depreciation, amortisation and impairment [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xml:lang="en-US">Depreciation:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedImpairmentMember" xlink:label="loc_F4248H746F72_ifrs-full_AccumulatedImpairmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AccumulatedImpairmentMember" xml:lang="en-US">Accumulated impairment [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AccumulatedImpairmentMember" xml:lang="en-US">Impairment:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AccumulatedImpairmentMember" xml:lang="en-US">Provision for impairment of freight receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AccumulatedImpairmentMember" xlink:to="lab_H6460J968H94_ifrs-full_AccumulatedImpairmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ClassesOfAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ClassesOfAssetsAxis" xml:lang="en-US">Classes of assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ClassesOfAssetsAxis" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ClassesOfAssetsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="loc_F4248H746F72_ifrs-full_ClassesOfAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ClassesOfAssetsMember" xml:lang="en-US">Assets [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ClassesOfAssetsMember" xlink:to="lab_H6460J968H94_ifrs-full_ClassesOfAssetsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RightofuseAssetsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_RightofuseAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RightofuseAssetsMember" xml:lang="en-US">Right-of-use assets [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RightofuseAssetsMember" xml:lang="en-US">Right-of-use assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_RightofuseAssetsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_RightofuseAssetsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:label="loc_F4248H746F72_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="lab_H6460J968H94_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xml:lang="en-US">Reconciliation of changes in property, plant and equipment [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="loc_F4248H746F72_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Additions other than through business combinations, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Additions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_H6460J968H94_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DisposalsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisposalsPropertyPlantAndEquipment" xml:lang="en-US">Disposals, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisposalsPropertyPlantAndEquipment" xml:lang="en-US">Disposals</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DisposalsPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="loc_F4248H746F72_ifrs-full_DepreciationPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_DepreciationPropertyPlantAndEquipment" xml:lang="en-US">Depreciation, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_DepreciationPropertyPlantAndEquipment" xml:lang="en-US">Depreciation for the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="lab_H6460J968H94_ifrs-full_DepreciationPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xml:lang="en-US">Increase (decrease) through other changes, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xml:lang="en-US">Transferred from prepayments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:label="loc_F4248H746F72_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xml:lang="en-US">Impairment loss recognised in profit or loss, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xml:lang="en-US">Impairment losses on tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="lab_H6460J968H94_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xml:lang="en-US">Decrease through classified as held for sale, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xml:lang="en-US">Transferred to assets held-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:label="loc_F4248H746F72_ifrs-full_OtherPropertyPlantAndEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_OtherPropertyPlantAndEquipmentMember" xml:lang="en-US">Other property, plant and equipment [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_OtherPropertyPlantAndEquipmentMember" xml:lang="en-US">Other property, plant and equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:to="lab_H6460J968H94_ifrs-full_OtherPropertyPlantAndEquipmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestCostsCapitalised" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_InterestCostsCapitalised"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InterestCostsCapitalised" xml:lang="en-US">Interest costs capitalised</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_InterestCostsCapitalised" xml:lang="en-US">Capitalized dry-docking costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_InterestCostsCapitalised" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_InterestCostsCapitalised"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLoss" xlink:label="loc_F4248H746F72_ifrs-full_ImpairmentLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment loss assets-held-for-sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment losses on tangible and intangible assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ImpairmentLoss" xlink:to="lab_H6460J968H94_ifrs-full_ImpairmentLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShipsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ShipsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ShipsMember" xml:lang="en-US">Ships [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ShipsMember" xml:lang="en-US">Ships</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ShipsMember" xml:lang="en-US">PREPAYMENTS ON VESSELS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ShipsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ShipsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_PrepaymentsOnVesselsAdditions" xlink:label="loc_F4248H746F72_trmd_PrepaymentsOnVesselsAdditions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_PrepaymentsOnVesselsAdditions" xml:lang="en-US">Prepayments On Vessels Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_PrepaymentsOnVesselsAdditions" xml:lang="en-US">Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_PrepaymentsOnVesselsAdditions" xml:lang="en-US">The amount of additions to prepayments on vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_PrepaymentsOnVesselsAdditions" xlink:to="lab_H6460J968H94_trmd_PrepaymentsOnVesselsAdditions"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xlink:label="loc_IF21F453I7K897H8F732_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">Prepayments On Vessels Transferred To From Other Items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">Transferred to vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">The amount of transferred to from other items to prepayments on vessels.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">Transferred to/from other items</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xlink:to="lab_KH43H675K9M019J0H954_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xlink:label="loc_F4248H746F72_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xml:lang="en-US">Disclosure Of Information About Non Current Assets Held For Sale [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xml:lang="en-US">Schedule disclosing information related to non-current assets held for sale.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xlink:to="lab_H6460J968H94_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssetsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsHeldForSaleMember" xml:lang="en-US">Non-current assets held for sale [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsHeldForSaleMember" xml:lang="en-US">Non-current assets held for sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NoncurrentAssetsHeldForSaleMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xlink:label="loc_F4248H746F72_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xml:lang="en-US">Disclosure Of Information About Non Current Assets Held For Sale [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xlink:to="lab_H6460J968H94_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_NumberOfAdditionVesselsSold" xlink:label="loc_IF21F453I7K897H8F732_trmd_NumberOfAdditionVesselsSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_NumberOfAdditionVesselsSold" xml:lang="en-US">Number Of Addition Vessels Sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_NumberOfAdditionVesselsSold" xml:lang="en-US">Number of additional sold vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_NumberOfAdditionVesselsSold" xml:lang="en-US">The number of addition vessels sold.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_NumberOfAdditionVesselsSold" xlink:to="lab_KH43H675K9M019J0H954_trmd_NumberOfAdditionVesselsSold"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_NumbeRofVesselsDeliveredToNewOwner" xlink:label="loc_F4248H746F72_trmd_NumbeRofVesselsDeliveredToNewOwner"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_NumbeRofVesselsDeliveredToNewOwner" xml:lang="en-US">Numbe Rof Vessels Delivered To New Owner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_NumbeRofVesselsDeliveredToNewOwner" xml:lang="en-US">Number of vessels delivered to new owner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_NumbeRofVesselsDeliveredToNewOwner" xml:lang="en-US">The number of vessels delivered to new owner.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_NumbeRofVesselsDeliveredToNewOwner" xlink:to="lab_H6460J968H94_trmd_NumbeRofVesselsDeliveredToNewOwner"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ProfitLossFromSaleOfVessels" xlink:label="loc_IF21F453I7K897H8F732_trmd_ProfitLossFromSaleOfVessels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_ProfitLossFromSaleOfVessels" xml:lang="en-US">Profit Loss From Sale Of Vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_ProfitLossFromSaleOfVessels" xml:lang="en-US">Profit from sale of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_ProfitLossFromSaleOfVessels" xml:lang="en-US">Represents the amount of profit (loss) from the sale of vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_ProfitLossFromSaleOfVessels" xlink:to="lab_KH43H675K9M019J0H954_trmd_ProfitLossFromSaleOfVessels"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" xlink:label="loc_F4248H746F72_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" xml:lang="en-US">Impairment Loss Recognised In Profit Or Loss Tangible And Intangible Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" xml:lang="en-US">Impairment on sold or held-for-sale vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" xml:lang="en-US">Represents the amount of impairment loss recognised in profit or loss for tangible and intangible assets.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets" xlink:to="lab_H6460J968H94_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_MortgageDebtAndBankLoansTable" xlink:label="loc_IF21F453I7K897H8F732_trmd_MortgageDebtAndBankLoansTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankLoansTable" xml:lang="en-US">Mortgage Debt And Bank Loans [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankLoansTable" xml:lang="en-US">Represents the tabular information about Mortgage Debt And Bank Loans.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_MortgageDebtAndBankLoansTable" xlink:to="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankLoansTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MaturityAxis" xlink:label="loc_F4248H746F72_ifrs-full_MaturityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_MaturityAxis" xml:lang="en-US">Maturity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_MaturityAxis" xlink:to="lab_H6460J968H94_ifrs-full_MaturityAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_AggregatedTimeBandsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_AggregatedTimeBandsMember" xml:lang="en-US">Aggregated time bands [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_AggregatedTimeBandsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_AggregatedTimeBandsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="loc_F4248H746F72_ifrs-full_NotLaterThanOneYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">Not later than one year [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">Falling due within one year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_H6460J968H94_ifrs-full_NotLaterThanOneYearMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US">Later than one year and not later than two years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US">Falling due between one and two years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="loc_F4248H746F72_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US">Later than two years and not later than three years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US">Falling due between two and three years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_H6460J968H94_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US">Later than three years and not later than four years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US">Falling due between three and four years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="loc_F4248H746F72_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">Later than four years and not later than five years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">Falling due between four and five years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_H6460J968H94_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xml:lang="en-US">Later than five years and not later than ten years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xml:lang="en-US">Falling due after five years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_MortgageDebtAndBankLoansLineItems" xlink:label="loc_F4248H746F72_trmd_MortgageDebtAndBankLoansLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_MortgageDebtAndBankLoansLineItems" xml:lang="en-US">Mortgage Debt And Bank Loans [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_MortgageDebtAndBankLoansLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_MortgageDebtAndBankLoansLineItems" xlink:to="lab_H6460J968H94_trmd_MortgageDebtAndBankLoansLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_MortgageDebtAndBankBorrowings" xlink:label="loc_IF21F453I7K897H8F732_trmd_MortgageDebtAndBankBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankBorrowings" xml:lang="en-US">Mortgage Debt And Bank Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankBorrowings" xml:lang="en-US">Mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankBorrowings" xml:lang="en-US">Represents the amount related to mortgage debt and bank borrowings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_MortgageDebtAndBankBorrowings" xlink:to="lab_KH43H675K9M019J0H954_trmd_MortgageDebtAndBankBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="loc_F4248H746F72_ifrs-full_CategoriesOfRelatedPartiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_CategoriesOfRelatedPartiesAxis" xml:lang="en-US">Categories of related parties [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_H6460J968H94_ifrs-full_CategoriesOfRelatedPartiesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_EntitysTotalForRelatedPartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_EntitysTotalForRelatedPartiesMember" xml:lang="en-US">Entity's total for related parties [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_EntitysTotalForRelatedPartiesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DanishShipFinanceMember" xlink:label="loc_F4248H746F72_trmd_DanishShipFinanceMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DanishShipFinanceMember" xml:lang="en-US">Danish Ship Finance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_DanishShipFinanceMember" xml:lang="en-US">Danish ship finance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DanishShipFinanceMember" xml:lang="en-US">Danish Ship Finance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DanishShipFinanceMember" xlink:to="lab_H6460J968H94_trmd_DanishShipFinanceMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_AbnAmroMember" xlink:label="loc_IF21F453I7K897H8F732_trmd_AbnAmroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_AbnAmroMember" xml:lang="en-US">Abn Amro [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_AbnAmroMember" xml:lang="en-US">ABN AMRO</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_AbnAmroMember" xml:lang="en-US">Represents ABN AMRO.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_AbnAmroMember" xlink:to="lab_KH43H675K9M019J0H954_trmd_AbnAmroMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DirectIssuanceCostForBorrowings" xlink:label="loc_F4248H746F72_trmd_DirectIssuanceCostForBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DirectIssuanceCostForBorrowings" xml:lang="en-US">Direct Issuance Cost For Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_DirectIssuanceCostForBorrowings" xml:lang="en-US">Direct issuance costs for borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_DirectIssuanceCostForBorrowings" xml:lang="en-US">Represents the amount related to direct issuance cost for borrowings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DirectIssuanceCostForBorrowings" xlink:to="lab_H6460J968H94_trmd_DirectIssuanceCostForBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsMaturity" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_BorrowingsMaturity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BorrowingsMaturity" xml:lang="en-US">Borrowings, maturity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BorrowingsMaturity" xml:lang="en-US">Final maturity facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BorrowingsMaturity" xml:lang="en-US">Maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_BorrowingsMaturity" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_BorrowingsMaturity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Borrowings" xlink:label="loc_F4248H746F72_ifrs-full_Borrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_Borrowings" xml:lang="en-US">Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_Borrowings" xml:lang="en-US">Mortgage debt and bank loans (Note 2,15,16,18)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_ifrs-full_Borrowings" xml:lang="en-US">Amount of financing agreement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="lab_H6460J968H94_ifrs-full_Borrowings" xml:lang="en-US">Carrying value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_Borrowings" xlink:to="lab_H6460J968H94_ifrs-full_Borrowings"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_AdditionalBorrowings" xlink:label="loc_IF21F453I7K897H8F732_trmd_AdditionalBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_AdditionalBorrowings" xml:lang="en-US">Additional Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_AdditionalBorrowings" xml:lang="en-US">Increase in amount of financing agreement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_AdditionalBorrowings" xml:lang="en-US">The amount of additional borrowings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_AdditionalBorrowings" xlink:to="lab_KH43H675K9M019J0H954_trmd_AdditionalBorrowings"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DisclosureOfContractualObligationsAndRightsAbstract" xlink:label="loc_F4248H746F72_trmd_DisclosureOfContractualObligationsAndRightsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_DisclosureOfContractualObligationsAndRightsAbstract" xml:lang="en-US">Disclosure Of Contractual Obligations And Rights [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_DisclosureOfContractualObligationsAndRightsAbstract" xlink:to="lab_H6460J968H94_trmd_DisclosureOfContractualObligationsAndRightsAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ContractualObligationsRegardingNewBuilding" xlink:label="loc_IF21F453I7K897H8F732_trmd_ContractualObligationsRegardingNewBuilding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_ContractualObligationsRegardingNewBuilding" xml:lang="en-US">Contractual Obligations Regarding New Building</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_ContractualObligationsRegardingNewBuilding" xml:lang="en-US">Contractual obligations, new building commitments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_ContractualObligationsRegardingNewBuilding" xml:lang="en-US">Represents the amount of contractual obligations regarding newbuilding.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_ContractualObligationsRegardingNewBuilding" xlink:to="lab_KH43H675K9M019J0H954_trmd_ContractualObligationsRegardingNewBuilding"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels" xlink:label="loc_F4248H746F72_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels" xml:lang="en-US">Contractual Obligations Regarding Commitments And Chartered In Vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels" xml:lang="en-US">Contractual obligations, chartered in vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels" xml:lang="en-US">Represents the amount of contractual obligations regarding commitments and chartered in vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels" xlink:to="lab_H6460J968H94_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_TORMTorinoAndTORMTitanMember" xlink:label="loc_F4248H746F72_trmd_TORMTorinoAndTORMTitanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_TORMTorinoAndTORMTitanMember" xml:lang="en-US">Torm Torino And Torm Titan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_trmd_TORMTorinoAndTORMTitanMember" xml:lang="en-US">MR vessels TORM Torino And TORM Titan</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_TORMTorinoAndTORMTitanMember" xml:lang="en-US">Information of TORM Torino And TORM Titan vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_TORMTorinoAndTORMTitanMember" xlink:to="lab_H6460J968H94_trmd_TORMTorinoAndTORMTitanMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_TormAliceAndTormAlexandraMember" xlink:label="loc_IF21F453I7K897H8F732_trmd_TormAliceAndTormAlexandraMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_TormAliceAndTormAlexandraMember" xml:lang="en-US">Torm Alice And Torm Alexandra [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_TormAliceAndTormAlexandraMember" xml:lang="en-US">MR vessels TORM Alice and TORM Alexandra</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_TormAliceAndTormAlexandraMember" xml:lang="en-US">Information of TORM Alice vessel and Torm Alexandra.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_TormAliceAndTormAlexandraMember" xlink:to="lab_KH43H675K9M019J0H954_trmd_TormAliceAndTormAlexandraMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_TormSanjacintoAndTormSaoneMember" xlink:label="loc_F4248H746F72_trmd_TormSanjacintoAndTormSaoneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_TormSanjacintoAndTormSaoneMember" xml:lang="en-US">Torm Sanjacinto And Torm Saone [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_TormSanjacintoAndTormSaoneMember" xml:lang="en-US">MR vessels TORM San Jacinto and Handy vessel TORM Saone</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_TormSanjacintoAndTormSaoneMember" xml:lang="en-US">Information of TORM sanjacinto vesse and handy vesselTorm Saone.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_TormSanjacintoAndTormSaoneMember" xlink:to="lab_H6460J968H94_trmd_TormSanjacintoAndTormSaoneMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_BusinessCombinationsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_BusinessCombinationsAxis" xml:lang="en-US">Business combinations [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_BusinessCombinationsAxis" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_BusinessCombinationsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="loc_F4248H746F72_ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_EntitysTotalForBusinessCombinationsMember" xml:lang="en-US">Entity's total for business combinations [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="lab_H6460J968H94_ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_MeProductionMember" xlink:label="loc_IF21F453I7K897H8F732_trmd_MeProductionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_MeProductionMember" xml:lang="en-US">Me Production [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_MeProductionMember" xml:lang="en-US">ME Production</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_MeProductionMember" xml:lang="en-US">This member stands for ME Production.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_MeProductionMember" xlink:to="lab_KH43H675K9M019J0H954_trmd_MeProductionMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="loc_F4248H746F72_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xml:lang="en-US">Non-adjusting events after reporting period [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_H6460J968H94_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_NonadjustingEventsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_NonadjustingEventsMember" xml:lang="en-US">Non-adjusting events after reporting period [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_NonadjustingEventsMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_NonadjustingEventsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:label="loc_F4248H746F72_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xml:lang="en-US">Classification of assets as held for sale [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xml:lang="en-US">Classification of assets as held for sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:to="lab_H6460J968H94_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_NumberOfCounterparties" xlink:label="loc_F4248H746F72_trmd_NumberOfCounterparties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_NumberOfCounterparties" xml:lang="en-US">Number Of Counterparties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_NumberOfCounterparties" xml:lang="en-US">Number of counterparties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_NumberOfCounterparties" xml:lang="en-US">Represents information related to japanese counterparties.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_NumberOfCounterparties" xlink:to="lab_H6460J968H94_trmd_NumberOfCounterparties"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_NumberOfSaleAndLeasebackAgreements" xlink:label="loc_IF21F453I7K897H8F732_trmd_NumberOfSaleAndLeasebackAgreements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_NumberOfSaleAndLeasebackAgreements" xml:lang="en-US">Number Of Sale And Leaseback Agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_NumberOfSaleAndLeasebackAgreements" xml:lang="en-US">Number of sale and leaseback agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_NumberOfSaleAndLeasebackAgreements" xml:lang="en-US">Represents information related to sale and leaseback agreement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_NumberOfSaleAndLeasebackAgreements" xlink:to="lab_KH43H675K9M019J0H954_trmd_NumberOfSaleAndLeasebackAgreements"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:label="loc_F4248H746F72_ifrs-full_ProceedsFromSalesOfInvestmentProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromSalesOfInvestmentProperty" xml:lang="en-US">Proceeds from sales of investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_H6460J968H94_ifrs-full_ProceedsFromSalesOfInvestmentProperty" xml:lang="en-US">Net cash proceeds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:to="lab_H6460J968H94_ifrs-full_ProceedsFromSalesOfInvestmentProperty"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_RepaymentOfExistingDebt" xlink:label="loc_IF21F453I7K897H8F732_trmd_RepaymentOfExistingDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_RepaymentOfExistingDebt" xml:lang="en-US">Repayment Of Existing Debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_RepaymentOfExistingDebt" xml:lang="en-US">Repayement of exiting debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_RepaymentOfExistingDebt" xml:lang="en-US">Represents amount related to repayment of existing debt.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_RepaymentOfExistingDebt" xlink:to="lab_KH43H675K9M019J0H954_trmd_RepaymentOfExistingDebt"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_AccountingPoliciesTable" xlink:label="loc_F4248H746F72_trmd_AccountingPoliciesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_AccountingPoliciesTable" xml:lang="en-US">Accounting Policies [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_AccountingPoliciesTable" xml:lang="en-US">Represents accounting policies table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_AccountingPoliciesTable" xlink:to="lab_H6460J968H94_trmd_AccountingPoliciesTable"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ClassesOfExpensesAxis" xlink:label="loc_IF21F453I7K897H8F732_trmd_ClassesOfExpensesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_ClassesOfExpensesAxis" xml:lang="en-US">Classes Of Expenses [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_ClassesOfExpensesAxis" xml:lang="en-US">Represents classes of expense axis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_ClassesOfExpensesAxis" xlink:to="lab_KH43H675K9M019J0H954_trmd_ClassesOfExpensesAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_ClassesOfExpensesDomain" xlink:label="loc_F4248H746F72_trmd_ClassesOfExpensesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_ClassesOfExpensesDomain" xml:lang="en-US">Classes Of Expenses [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_ClassesOfExpensesDomain" xml:lang="en-US">Represents classes of expenses domain.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_ClassesOfExpensesDomain" xlink:to="lab_H6460J968H94_trmd_ClassesOfExpensesDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DepreciationMember" xlink:label="loc_IF21F453I7K897H8F732_trmd_DepreciationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_DepreciationMember" xml:lang="en-US">Depreciation [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_DepreciationMember" xml:lang="en-US">Depreciation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_DepreciationMember" xml:lang="en-US">Represents depreciation member.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_DepreciationMember" xlink:to="lab_KH43H675K9M019J0H954_trmd_DepreciationMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_FinancialExpensesMember" xlink:label="loc_F4248H746F72_trmd_FinancialExpensesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_FinancialExpensesMember" xml:lang="en-US">Financial Expenses [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_H6460J968H94_trmd_FinancialExpensesMember" xml:lang="en-US">Financial expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_FinancialExpensesMember" xml:lang="en-US">Represents Financial expenses member.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_FinancialExpensesMember" xlink:to="lab_H6460J968H94_trmd_FinancialExpensesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ValuationTechniquesMember" xlink:label="loc_F4248H746F72_ifrs-full_ValuationTechniquesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_ValuationTechniquesMember" xml:lang="en-US">Valuation techniques [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_ValuationTechniquesMember" xlink:to="lab_H6460J968H94_ifrs-full_ValuationTechniquesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MarketComparableCompaniesMember" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_MarketComparableCompaniesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_MarketComparableCompaniesMember" xml:lang="en-US">Market comparable companies [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_MarketComparableCompaniesMember" xml:lang="en-US">Alternative Performance Measure (APM) "EBITDA"</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_MarketComparableCompaniesMember" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_MarketComparableCompaniesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_AccountingPoliciesLineItems" xlink:label="loc_F4248H746F72_trmd_AccountingPoliciesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_trmd_AccountingPoliciesLineItems" xml:lang="en-US">Accounting Policies [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_H6460J968H94_trmd_AccountingPoliciesLineItems" xml:lang="en-US">Represents accounting policies line item.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_trmd_AccountingPoliciesLineItems" xlink:to="lab_H6460J968H94_trmd_AccountingPoliciesLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RightofuseAssets" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_RightofuseAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RightofuseAssets" xml:lang="en-US">Right-of-use assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_RightofuseAssets" xml:lang="en-US">Of which right-of-use assets, end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_RightofuseAssets" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_RightofuseAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LeaseLiabilities" xlink:label="loc_F4248H746F72_ifrs-full_LeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_LeaseLiabilities" xml:lang="en-US">Lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_LeaseLiabilities" xlink:to="lab_H6460J968H94_ifrs-full_LeaseLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UndrawnBorrowingFacilities" xlink:label="loc_IF21F453I7K897H8F732_ifrs-full_UndrawnBorrowingFacilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Undrawn borrowing facilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Undrawn facilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_ifrs-full_UndrawnBorrowingFacilities" xlink:to="lab_KH43H675K9M019J0H954_ifrs-full_UndrawnBorrowingFacilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetDebt" xlink:label="loc_F4248H746F72_ifrs-full_NetDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_H6460J968H94_ifrs-full_NetDebt" xml:lang="en-US">Net debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_F4248H746F72_ifrs-full_NetDebt" xlink:to="lab_H6460J968H94_ifrs-full_NetDebt"/>
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_NetDebtLoanToValueRatio" xlink:label="loc_IF21F453I7K897H8F732_trmd_NetDebtLoanToValueRatio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_KH43H675K9M019J0H954_trmd_NetDebtLoanToValueRatio" xml:lang="en-US">Net Debt Loan To Value Ratio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_KH43H675K9M019J0H954_trmd_NetDebtLoanToValueRatio" xml:lang="en-US">Percentages of net debt loan to value ratio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_KH43H675K9M019J0H954_trmd_NetDebtLoanToValueRatio" xml:lang="en-US">Reprecents net debt loan-to-value ratio percentages.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_IF21F453I7K897H8F732_trmd_NetDebtLoanToValueRatio" xlink:to="lab_KH43H675K9M019J0H954_trmd_NetDebtLoanToValueRatio"/>
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>9
<FILENAME>trmd-20190630_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
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<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#DocumentAndEntityInformation" roleURI="http://www.torm.com/role/DocumentAndEntityInformation"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#CondensedConsolidatedIncomeStatement" roleURI="http://www.torm.com/role/CondensedConsolidatedIncomeStatement"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#CondensedConsolidatedStatementOfComprehensiveIncome" roleURI="http://www.torm.com/role/CondensedConsolidatedStatementOfComprehensiveIncome"/>
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<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#AccountingPoliciesPolicies" roleURI="http://www.torm.com/role/AccountingPoliciesPolicies"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#StaffCostsTables" roleURI="http://www.torm.com/role/StaffCostsTables"/>
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<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#PREPAYMENTSONVESSELSTables" roleURI="http://www.torm.com/role/PREPAYMENTSONVESSELSTables"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#MORTGAGEDEBTANDBANKLOANSTables" roleURI="http://www.torm.com/role/MORTGAGEDEBTANDBANKLOANSTables"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#StaffCostsDetails" roleURI="http://www.torm.com/role/StaffCostsDetails"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#VesselsAndCapitalizedDryDockingDetails" roleURI="http://www.torm.com/role/VesselsAndCapitalizedDryDockingDetails"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#VesselsAndCapitalizedDryDockingDetailTextuals" roleURI="http://www.torm.com/role/VesselsAndCapitalizedDryDockingDetailTextuals"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#PrepaymentsOnVesselsDetails" roleURI="http://www.torm.com/role/PrepaymentsOnVesselsDetails"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#AssetsHeldForSaleAndNonCurrentAssetsSoldDuringPeriodDetailTextuals" roleURI="http://www.torm.com/role/AssetsHeldForSaleAndNonCurrentAssetsSoldDuringPeriodDetailTextuals"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#MortgageDebtAndBankLoansDetails" roleURI="http://www.torm.com/role/MortgageDebtAndBankLoansDetails"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#MortgageDebtAndBankLoansDetailsTextuals" roleURI="http://www.torm.com/role/MortgageDebtAndBankLoansDetailsTextuals"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#ContractualObligationsAndRightsDetailsTextuals" roleURI="http://www.torm.com/role/ContractualObligationsAndRightsDetailsTextuals"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#POSTBALANCESHEETDATEEVENTSDetails" roleURI="http://www.torm.com/role/POSTBALANCESHEETDATEEVENTSDetails"/>
<roleRef xlink:type="simple" xlink:href="trmd-20190630.xsd#AccountingPoliciesDetailsTextual" roleURI="http://www.torm.com/role/AccountingPoliciesDetailsTextual"/>
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<presentationLink xlink:type="extended" xlink:role="http://www.torm.com/role/DocumentAndEntityInformation">
<loc xlink:type="locator" xlink:href="trmd-20190630.xsd#trmd_DocumentAndEntityInformationAbstract" xlink:label="loc_trmd_DocumentAndEntityInformationAbstract_0"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_1"/>
<presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_trmd_DocumentAndEntityInformationAbstract_0" xlink:to="loc_dei_EntityRegistrantName_1" order="0" use="optional"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_2"/>
<presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_trmd_DocumentAndEntityInformationAbstract_0" xlink:to="loc_dei_EntityCentralIndexKey_2" order="10" use="optional"/>
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>image3.jpg
<TEXT>
begin 644 image3.jpg
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<DOCUMENT>
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<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6780791776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DOCUMENT AND ENTITY INFORMATION<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">TORM plc<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001655891<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">6-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jun. 30,  2019<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2019<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q2<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DocumentAndEntityInformationAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>17
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6781539104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED INCOME STATEMENT - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeStatementAbstract', window );"><strong>Profit or loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices', window );">Revenue</a></td>
<td class="nump">$ 166.3<span></span>
</td>
<td class="nump">$ 163.3<span></span>
</td>
<td class="nump">$ 352.7<span></span>
</td>
<td class="nump">$ 326.3<span></span>
</td>
<td class="nump">$ 635.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PortExpensesBunkersAndCommissions', window );">Port expenses, bunkers and commissions</a></td>
<td class="num">(68.0)<span></span>
</td>
<td class="num">(72.9)<span></span>
</td>
<td class="num">(137.8)<span></span>
</td>
<td class="num">(139.6)<span></span>
</td>
<td class="num">(283.0)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransportationExpense', window );">Charter hire</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1.4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.8)<span></span>
</td>
<td class="num">(2.5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Operating expenses</a></td>
<td class="num">(43.3)<span></span>
</td>
<td class="num">(47.1)<span></span>
</td>
<td class="num">(86.0)<span></span>
</td>
<td class="num">(93.2)<span></span>
</td>
<td class="num">(180.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsOnDisposalsOfNoncurrentAssets', window );">Profit from sale of vessels</a></td>
<td class="nump">0.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.6<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses</a></td>
<td class="num">(12.3)<span></span>
</td>
<td class="num">(12.1)<span></span>
</td>
<td class="num">(24.7)<span></span>
</td>
<td class="num">(24.3)<span></span>
</td>
<td class="num">(47.8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Other operating expenses</a></td>
<td class="num">(2.3)<span></span>
</td>
<td class="num">(0.6)<span></span>
</td>
<td class="num">(2.4)<span></span>
</td>
<td class="num">(0.5)<span></span>
</td>
<td class="num">(2.0)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod', window );">Share of profit/(loss) from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.2<span></span>
</td>
<td class="nump">0.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment losses on tangible and intangible assets</a></td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation</a></td>
<td class="num">(26.3)<span></span>
</td>
<td class="num">(28.9)<span></span>
</td>
<td class="num">(53.0)<span></span>
</td>
<td class="num">(57.2)<span></span>
</td>
<td class="num">(114.5)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit/(loss) (EBIT)</a></td>
<td class="nump">14.2<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">46.4<span></span>
</td>
<td class="nump">9.5<span></span>
</td>
<td class="nump">2.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Financial income</a></td>
<td class="nump">1.1<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">2.2<span></span>
</td>
<td class="nump">2.0<span></span>
</td>
<td class="nump">3.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses</a></td>
<td class="num">(10.1)<span></span>
</td>
<td class="num">(9.6)<span></span>
</td>
<td class="num">(19.9)<span></span>
</td>
<td class="num">(19.0)<span></span>
</td>
<td class="num">(39.3)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="nump">5.2<span></span>
</td>
<td class="num">(8.6)<span></span>
</td>
<td class="nump">28.7<span></span>
</td>
<td class="num">(7.5)<span></span>
</td>
<td class="num">(33.2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(0.7)<span></span>
</td>
<td class="num">(1.6)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the period</a></td>
<td class="nump">$ 5.2<span></span>
</td>
<td class="num">$ (8.9)<span></span>
</td>
<td class="nump">$ 28.4<span></span>
</td>
<td class="num">$ (8.2)<span></span>
</td>
<td class="num">$ (34.8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>EARNINGS PER SHARE</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings/(loss) per share (USD) (in dollars per share)</a></td>
<td class="nump">$ 0.07<span></span>
</td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="nump">$ 0.38<span></span>
</td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="num">$ (0.48)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings/(loss) per share (USD) (in dollars per share)</a></td>
<td class="nump">$ 0.07<span></span>
</td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="nump">$ 0.38<span></span>
</td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="num">$ (0.48)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2018-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2018-03-01&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2018-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2018-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2018-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2018-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsOnDisposalsOfNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gain on disposals of non-current assets. [Refer: Non-current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsOnDisposalsOfNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss or reversal of impairment loss recognised in profit or loss. [Refer: Impairment loss recognised in profit or loss; Reversal of impairment loss recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeStatementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeStatementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2018-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2018-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
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<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of all operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherOperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income (expense) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherOperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2018-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=5&amp;date=2018-03-01&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2018-01-01<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2018-03-01&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from the rendering of cargo and mail transport services. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of joint ventures accounted for using the equity method. [Refer: Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TransportationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from transportation services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TransportationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PortExpensesBunkersAndCommissions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses associated to port expenses, bunkers and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PortExpensesBunkersAndCommissions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6775634896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfComprehensiveIncomeAbstract', window );"><strong>Statement of comprehensive income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="nump">$ 5.2<span></span>
</td>
<td class="num">$ (8.9)<span></span>
</td>
<td class="nump">$ 28.4<span></span>
</td>
<td class="num">$ (8.2)<span></span>
</td>
<td class="num">$ (34.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract', window );"><strong>Items that may be reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax', window );">Exchange rate adjustment arising from translation of entities using a functional currency different from USD</a></td>
<td class="nump">0.1<span></span>
</td>
<td class="num">(0.2)<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges', window );">Fair value adjustment on hedging instruments</a></td>
<td class="num">(7.0)<span></span>
</td>
<td class="num">(0.4)<span></span>
</td>
<td class="num">(11.7)<span></span>
</td>
<td class="nump">4.8<span></span>
</td>
<td class="num">(6.7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax', window );">Fair value adjustment on hedging instruments transferred to income statement</a></td>
<td class="num">(0.8)<span></span>
</td>
<td class="num">(1.1)<span></span>
</td>
<td class="num">(0.9)<span></span>
</td>
<td class="num">(2.5)<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract', window );"><strong>Items that may not be reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Remeasurements of net pension and other post-retirement benefit liability or asset</a></td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) after tax 1)</a></td>
<td class="num">(7.8)<span></span>
</td>
<td class="num">(1.7)<span></span>
</td>
<td class="num">(12.2)<span></span>
</td>
<td class="nump">2.0<span></span>
</td>
<td class="num">(7.4)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the year</a></td>
<td class="num">$ (2.6)<span></span>
</td>
<td class="num">$ (10.6)<span></span>
</td>
<td class="nump">$ 16.2<span></span>
</td>
<td class="num">$ (6.2)<span></span>
</td>
<td class="num">$ (42.2)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, before tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 91<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, before tax, related to cash flow hedges. [Refer: Cash flow hedges [member]; Other comprehensive income, before tax]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 91<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, before tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income, before tax; Defined benefit plans [member]; Plan assets [member]; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 91<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to cash flow hedges, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Cash flow hedges [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 92<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_23_d&amp;doctype=Standard&amp;book=b<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>19
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6782160608">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentAbstract', window );"><strong>Tangible fixed assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LandAndBuildings', window );">Land and buildings</a></td>
<td class="nump">$ 8.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselsAndCapitalizedDrydock', window );">Vessels and capitalized dry-docking</a></td>
<td class="nump">1,418.1<span></span>
</td>
<td class="nump">$ 1,396.6<span></span>
</td>
<td class="nump">$ 1,399.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Prepayments on vessels</a></td>
<td class="nump">53.5<span></span>
</td>
<td class="nump">45.5<span></span>
</td>
<td class="nump">50.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherPropertyPlantAndEquipment', window );">Other plant and operating equipment</a></td>
<td class="nump">3.9<span></span>
</td>
<td class="nump">3.0<span></span>
</td>
<td class="nump">2.3<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Total tangible fixed assets</a></td>
<td class="nump">1,484.2<span></span>
</td>
<td class="nump">1,445.0<span></span>
</td>
<td class="nump">1,452.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract', window );"><strong>Financial assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInJointVentures', window );">Investments in joint ventures</a></td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinancialAssets', window );">Total financial assets</a></td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">1,484.5<span></span>
</td>
<td class="nump">1,445.1<span></span>
</td>
<td class="nump">1,452.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>CURRENT ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoriesTotal', window );">Bunkers</a></td>
<td class="nump">36.2<span></span>
</td>
<td class="nump">39.4<span></span>
</td>
<td class="nump">40.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Freight receivables</a></td>
<td class="nump">82.1<span></span>
</td>
<td class="nump">86.0<span></span>
</td>
<td class="nump">71.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentReceivables', window );">Other receivables</a></td>
<td class="nump">4.9<span></span>
</td>
<td class="nump">7.5<span></span>
</td>
<td class="nump">16.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPrepayments', window );">Prepayments</a></td>
<td class="nump">4.1<span></span>
</td>
<td class="nump">2.9<span></span>
</td>
<td class="nump">3.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">106.4<span></span>
</td>
<td class="nump">127.4<span></span>
</td>
<td class="nump">159.1<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners', window );">Current assets, excluding assets held-for-sale</a></td>
<td class="nump">233.7<span></span>
</td>
<td class="nump">263.1<span></span>
</td>
<td class="nump">291.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale', window );">Assets held-for-sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">233.7<span></span>
</td>
<td class="nump">269.3<span></span>
</td>
<td class="nump">291.3<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">TOTAL ASSETS</a></td>
<td class="nump">1,718.2<span></span>
</td>
<td class="nump">1,714.4<span></span>
</td>
<td class="nump">1,743.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>EQUITY</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Common shares</a></td>
<td class="nump">0.7<span></span>
</td>
<td class="nump">0.7<span></span>
</td>
<td class="nump">0.7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharePremium', window );">Share premium</a></td>
<td class="nump">97.1<span></span>
</td>
<td class="nump">97.1<span></span>
</td>
<td class="nump">97.1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TreasuryShares', window );">Treasury shares</a></td>
<td class="num">(2.9)<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedges', window );">Hedging reserves</a></td>
<td class="num">(12.3)<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">9.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads', window );">Translation reserves</a></td>
<td class="nump">0.4<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Retained profit</a></td>
<td class="nump">781.3<span></span>
</td>
<td class="nump">752.1<span></span>
</td>
<td class="nump">777.7<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">864.3<span></span>
</td>
<td class="nump">847.2<span></span>
</td>
<td class="nump">882.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>NON-CURRENT LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liability</a></td>
<td class="nump">44.9<span></span>
</td>
<td class="nump">44.9<span></span>
</td>
<td class="nump">45.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">605.5<span></span>
</td>
<td class="nump">633.0<span></span>
</td>
<td class="nump">635.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">29.5<span></span>
</td>
<td class="nump">22.1<span></span>
</td>
<td class="nump">23.8<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">679.9<span></span>
</td>
<td class="nump">700.1<span></span>
</td>
<td class="nump">704.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>CURRENT LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPortionOfLongtermBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">86.0<span></span>
</td>
<td class="nump">91.3<span></span>
</td>
<td class="nump">89.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">3.3<span></span>
</td>
<td class="nump">3.2<span></span>
</td>
<td class="nump">3.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="nump">38.2<span></span>
</td>
<td class="nump">35.1<span></span>
</td>
<td class="nump">32.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Current tax liabilities</a></td>
<td class="nump">1.2<span></span>
</td>
<td class="nump">1.0<span></span>
</td>
<td class="nump">1.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentLiabilities', window );">Other liabilities</a></td>
<td class="nump">45.3<span></span>
</td>
<td class="nump">36.5<span></span>
</td>
<td class="nump">30.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncomeClassifiedAsCurrent', window );">Deferred income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">0.2<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">174.0<span></span>
</td>
<td class="nump">167.1<span></span>
</td>
<td class="nump">156.9<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">853.9<span></span>
</td>
<td class="nump">867.2<span></span>
</td>
<td class="nump">861.4<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">TOTAL EQUITY AND LIABILITIES</a></td>
<td class="nump">$ 1,718.2<span></span>
</td>
<td class="nump">$ 1,714.4<span></span>
</td>
<td class="nump">$ 1,743.5<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners. [Refer: Current assets; Disposal groups classified as held for sale [member]; Non-current assets or disposal groups classified as held for sale; Non-current assets or disposal groups classified as held for distribution to owners]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2019-01-01<br> -Name IFRS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPortionOfLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPortionOfLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncomeClassifiedAsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred income classified as current. [Refer: Deferred income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncomeClassifiedAsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InventoriesTotal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be consumed in the production process or in the rendering of services. Inventories encompass goods purchased and held for resale including, for example, merchandise purchased by a retailer and held for resale, or land and other property held for resale. Inventories also encompass finished goods produced, or work in progress being produced, by the entity and include materials and supplies awaiting use in the production process. [Refer: Current finished goods; Current merchandise; Current work in progress; Land]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InventoriesTotal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in joint ventures in an entity's separate financial statements. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2018-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LandAndBuildings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment representing land and depreciable buildings and similar structures for use in operations. [Refer: Buildings; Land; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LandAndBuildings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current assets or disposal groups classified as held for sale. [Refer: Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2018-01-01<br> -Paragraph 38<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=5&amp;date=2018-03-01&amp;anchor=para_38&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2019-01-01<br> -Name IFRS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the accumulated portion of gain (loss) on a hedging instrument that is determined to be an effective hedge for cash flow hedges. [Refer: Cash flow hedges [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 9<br> -IssueDate 2018-01-01<br> -Paragraph 6.5.11<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2018-03-01&amp;anchor=para_6.5.11&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the accumulated change in the value of foreign currency basis spreads of financial instruments when excluding them from the designation of these financial instruments as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 9<br> -IssueDate 2018-01-01<br> -Paragraph 6.5.16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2018-03-01&amp;anchor=para_6.5.16&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SharePremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SharePremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of payment due to suppliers for goods and services used in entity's business. [Refer: Current liabilities; Trade payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 70<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_70&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity&#8217;s own equity instruments, held by the entity or other members of the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2018-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2018-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselsAndCapitalizedDrydock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represnts the amount of property, plant and equipment representing seafaring or other maritime vessels and capitalized dry-dock used in the entity's operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselsAndCapitalizedDrydock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6781776848">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Common shares</div></th>
<th class="th"><div>Share premium</div></th>
<th class="th"><div>Treasury shares</div></th>
<th class="th"><div>Hedging reserves</div></th>
<th class="th"><div>Translation reserves</div></th>
<th class="th"><div>Retained profit</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ChangesInStockHoldersEquityRollForward', window );"><strong>Changes in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EffectOfReorganizationOnEquity', window );">Effect as of 1 January 2018 of IFRS 15 implementation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.9)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustedEquity', window );">Adjusted equity as of 1 January 2018</a></td>
<td class="nump">$ 0.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (2.9)<span></span>
</td>
<td class="nump">$ 7.3<span></span>
</td>
<td class="nump">$ 0.3<span></span>
</td>
<td class="nump">$ 784.9<span></span>
</td>
<td class="nump">790.2<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2017</a></td>
<td class="nump">0.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
<td class="nump">7.3<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">785.8<span></span>
</td>
<td class="nump">791.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income/(loss) for the period:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8.2)<span></span>
</td>
<td class="num">(8.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.3<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.3<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(8.2)<span></span>
</td>
<td class="num">(6.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Capital increase</a></td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">$ 99.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Transaction costs capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.8)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.1<span></span>
</td>
<td class="nump">1.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquity', window );">Total changes in equity for the period</a></td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">97.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.3<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(7.1)<span></span>
</td>
<td class="nump">92.1<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Jun. 30, 2018</a></td>
<td class="nump">0.7<span></span>
</td>
<td class="nump">97.1<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
<td class="nump">9.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">777.7<span></span>
</td>
<td class="nump">882.2<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2017</a></td>
<td class="nump">0.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
<td class="nump">7.3<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">785.8<span></span>
</td>
<td class="nump">791.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income/(loss) for the period:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(34.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42.2)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2018</a></td>
<td class="nump">0.7<span></span>
</td>
<td class="nump">97.1<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="nump">752.1<span></span>
</td>
<td class="nump">847.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ChangesInStockHoldersEquityRollForward', window );"><strong>Changes in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EffectOfReorganizationOnEquity', window );">Effect as of 1 January 2018 of IFRS 15 implementation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income/(loss) for the period:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28.4<span></span>
</td>
<td class="nump">28.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12.6)<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="num">(12.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12.6)<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">28.3<span></span>
</td>
<td class="nump">16.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.9<span></span>
</td>
<td class="nump">0.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquity', window );">Total changes in equity for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12.6)<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">29.2<span></span>
</td>
<td class="nump">17.1<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Jun. 30, 2019</a></td>
<td class="nump">$ 0.7<span></span>
</td>
<td class="nump">$ 97.1<span></span>
</td>
<td class="num">$ (2.9)<span></span>
</td>
<td class="num">$ (12.3)<span></span>
</td>
<td class="nump">$ 0.4<span></span>
</td>
<td class="nump">$ 781.3<span></span>
</td>
<td class="nump">$ 864.3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ChangesInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ChangesInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2018-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2018-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssueOfEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through the issue of equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssueOfEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareIssueRelatedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cost related to the issuance of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareIssueRelatedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustedEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount related to adjusted equity after asjustment in accounting policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustedEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ChangesInStockHoldersEquityRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ChangesInStockHoldersEquityRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EffectOfReorganizationOnEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effect on the beginning balance of equity due to reorganization of entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EffectOfReorganizationOnEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>21
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6763476352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED CASHFLOW STATEMENT<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Jun. 30, 2019 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jun. 30, 2018 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>CASH FLOW FROM OPERATING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the period</a></td>
<td class="nump">$ 28.4<span></span>
</td>
<td class="num">$ (8.2)<span></span>
</td>
<td class="num">$ (34.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets', window );">Reversal of profit from sale of vessels</a></td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(0.6)<span></span>
</td>
<td class="num">(0.7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDepreciationExpense', window );">Reversal of amortization and depreciation</a></td>
<td class="nump">53.0<span></span>
</td>
<td class="nump">57.2<span></span>
</td>
<td class="nump">114.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Reversal of impairment loss on tangible assets</a></td>
<td class="nump">2.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Reversal of share of profit/(loss) from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.2)<span></span>
</td>
<td class="num">(0.2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceIncome', window );">Reversal of financial income</a></td>
<td class="num">(2.2)<span></span>
</td>
<td class="num">(2.0)<span></span>
</td>
<td class="num">(3.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceCosts', window );">Reversal of financial expenses</a></td>
<td class="nump">19.9<span></span>
</td>
<td class="nump">19.0<span></span>
</td>
<td class="nump">39.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncomeTaxExpense', window );">Reversal of tax expenses</a></td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.7<span></span>
</td>
<td class="nump">1.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherAdjustmentsForNon-CashItems', window );">Reversal of other non-cash movements</a></td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">1.2<span></span>
</td>
<td class="nump">2.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends received from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.4<span></span>
</td>
<td class="nump">0.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestReceivedClassifiedAsOperatingActivities', window );">Interest received and realized exchange gains</a></td>
<td class="nump">1.7<span></span>
</td>
<td class="nump">1.6<span></span>
</td>
<td class="nump">2.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestPaidClassifiedAsOperatingActivities', window );">Interest paid and realized exchange losses</a></td>
<td class="num">(19.4)<span></span>
</td>
<td class="num">(20.1)<span></span>
</td>
<td class="num">(39.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities', window );">Income taxes paid</a></td>
<td class="num">(0.1)<span></span>
</td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(1.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Change in bunkers, receivables and payables, etc.</a></td>
<td class="nump">8.5<span></span>
</td>
<td class="num">(5.7)<span></span>
</td>
<td class="num">(12.7)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash flow from operating activities</a></td>
<td class="nump">93.0<span></span>
</td>
<td class="nump">43.0<span></span>
</td>
<td class="nump">70.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>CASH FLOW FROM INVESTING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Investment in tangible fixed assets</a></td>
<td class="num">(104.8)<span></span>
</td>
<td class="num">(126.1)<span></span>
</td>
<td class="num">(202.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfInvestmentProperty', window );">Investments in joint ventures</a></td>
<td class="num">(0.3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Sale of tangible fixed assets</a></td>
<td class="nump">26.8<span></span>
</td>
<td class="nump">7.2<span></span>
</td>
<td class="nump">26.8<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash flow from investing activities</a></td>
<td class="num">(78.3)<span></span>
</td>
<td class="num">(118.9)<span></span>
</td>
<td class="num">(175.6)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>CASH FLOW FROM FINANCING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Borrowing, mortgage debt</a></td>
<td class="nump">22.0<span></span>
</td>
<td class="nump">57.2<span></span>
</td>
<td class="nump">114.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Repayment, mortgage debt</a></td>
<td class="num">(55.0)<span></span>
</td>
<td class="num">(52.2)<span></span>
</td>
<td class="num">(110.8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Repayment, lease liabilities</a></td>
<td class="num">(2.7)<span></span>
</td>
<td class="num">(1.4)<span></span>
</td>
<td class="num">(2.9)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssuingShares', window );">Capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.0<span></span>
</td>
<td class="nump">100.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsForShareIssueCosts', window );">Transaction costs capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.8)<span></span>
</td>
<td class="num">(2.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities', window );">Change in restricted cash</a></td>
<td class="num">(6.8)<span></span>
</td>
<td class="nump">1.0<span></span>
</td>
<td class="num">(2.0)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash flow from financing activities</a></td>
<td class="num">(42.5)<span></span>
</td>
<td class="nump">101.8<span></span>
</td>
<td class="nump">96.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Net cash flow from operating, investing and financing activities</a></td>
<td class="num">(27.8)<span></span>
</td>
<td class="nump">25.9<span></span>
</td>
<td class="num">(8.8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents, beginning balance</a></td>
<td class="nump">124.1<span></span>
</td>
<td class="nump">132.9<span></span>
</td>
<td class="nump">132.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents, ending balance</a></td>
<td class="nump">96.3<span></span>
</td>
<td class="nump">158.8<span></span>
</td>
<td class="nump">124.1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_RestrictedCashAmount', window );">Restricted cash equivalents</a></td>
<td class="nump">10.1<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">3.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Cash and cash equivalents including restricted cash, ending balance</a></td>
<td class="nump">$ 106.4<span></span>
</td>
<td class="nump">$ 159.1<span></span>
</td>
<td class="nump">$ 127.4<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for finance costs to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance costs; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 20<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_20_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for finance income to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance income; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gain (loss) on disposals investments in subsidiaries, joint ventures and associates to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries, joint ventures and associates; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Impairment loss (reversal of impairment loss) recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for income tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for losses (gains) on disposal of non-current assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Non-current assets; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 14<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_14&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from dividends received, classified as operating activities. [Refer: Dividends received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for income taxes paid, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPaidClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPaidClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestReceivedClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from interest received, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestReceivedClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Inflows (outflows) of cash, classified as financing activities, that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 21<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_21&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsForShareIssueCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for share issue costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsForShareIssueCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of finance lease liabilities, classified as financing activities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-02&amp;anchor=para_17_e&amp;doctype=Standard&amp;book=b<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssuingShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from issuing shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 17<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssuingShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2018-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2018-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2018-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2018-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfInvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchase of investment property. [Refer: Investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfInvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_OtherAdjustmentsForNon-CashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_OtherAdjustmentsForNon-CashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_RestrictedCashAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represent Amount of restricted cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_RestrictedCashAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6777503600">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<td class="text">&#160;<span></span>
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<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;">NOTE 1 &#8211; STAFF</div>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q2 2019</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q2 2018</div>
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<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q1-Q2 2019</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q1-Q2 2018</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">FY 2018</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 160px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 38px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">&#160;</td>
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<tr>
<td style="background-color: #ffffff; width: 160px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Included in operating expenses</div>
</td>
<td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;2.0</div>
</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;2.2</div>
</td>
<td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;4.0</div>
</td>
<td style="background-color: #ffffff; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;4.6</div>
</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;9.3</div>
</td>
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<tr>
<td style="background-color: #ffffff; width: 160px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Included in administrative expenses</div>
</td>
<td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;9.8</div>
</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;9.5</div>
</td>
<td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;19.4</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;19.4</div>
</td>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;36.9</div>
</td>
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<tr>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Total staff costs</div>
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<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">11.8</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">11.7</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;23.4</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 38px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;24.0</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 35px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;46.2</div>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for employee benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2018-01-01<br> -Section Scope<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2018-03-01&amp;anchor=sect_Scope&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6643051888">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>VESSELS AND CAPITALIZED DRY-DOCKING<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract', window );"><strong>Disclosure of detailed information about property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory', window );">VESSELS AND CAPITALIZED DRY-DOCKING</a></td>
<td class="text"><div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;">NOTE 2 &#8211; VESSELS AND CAPITALIZED DRY-DOCKING</div>
</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized dry-docking costs in the amount of USD 55.1m (30 June 2018: USD 62.1m, 31 December 2018: USD 67.5m).</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The depreciation expense for the six months ended 30 June 2019 related to "Other plant and operating equipment" of USD 0.5m is included in the &#8220;Administrative expenses&#8221; (30 June 2018: USD 0.5m, 31 December 2018: USD 1.1m).</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Impairment assessment</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">For determination of the vessel values, TORM has carried out an impairment indicator assessment of the most significant assumptions used in the fair value and value in use calculations for the Annual Report as of 31 December 2018 (please refer to Note 7 in the Annual Report 2018). Based on this, TORM has assessed that there are no impairment indicators noted as there were no significant changes in the assumptions to either the fair value or the value in use, and therefore TORM does not find any need to reassess the recoverable amount as of 30 June 2019.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The impairment loss of USD 2.7m relates to specific vessels which have been reclassified to assets held-for-sale to be delivered to the buyers during Q1 and Q2 2019. These vessels have been written down to their net selling price.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
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<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">31 December</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2019</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;">Cost:</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Balance as of beginning of period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;1,886.3</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;1,726.6</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;1,726.6</div>
</td>
</tr>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Additions</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;27.9</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;97.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">162.7</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Disposals</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-8.0</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-4.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-30.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred from prepayments</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;67.6</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;63.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">81.8</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to assets held-for-sale</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-44.2</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-54.6</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Balance</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,929.6</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,883.4</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,886.3</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;">Depreciation:</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Balance as of beginning of period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;327.6</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;264.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;264.8</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Disposals</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-8.0</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-4.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-30.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Depreciation for the period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">51.4</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;56.7</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;113.4</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to assets held-for-sale</div>
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<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">-17.3</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-20.4</div>
</td>
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<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Balance</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;353.7</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">316.6</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;327.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;">Impairment:</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
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<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
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</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;162.1</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">167.3</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">167.3</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Impairment losses on tangible fixed assets</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;2.7</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;3.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to assets held-for-sale</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-7.0</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-8.4</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Balance</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">157.8</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">167.3</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;162.1</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Carrying amount</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">1,418.1</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,399.5</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,396.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Of which right-of-use assets, end of period</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;25.6</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;27.5</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;26.5</div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6777513408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PREPAYMENTS ON VESSELS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace; font-size: 8.5pt;"><font style="font-size: 10pt;">NOTE 3 &#8211; PREPAYMENTS ON VESSELS</font></div>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
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<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">31 December</div>
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<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
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<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2019</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
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<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Balance as of beginning of period</div>
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<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;45.5</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;88.4</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;88.4</div>
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<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Additions</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;75.6</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;25.8</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;38.9</div>
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<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
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<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-67.6</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-63.9</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">-81.8</div>
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</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Carrying amount</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;53.5</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;50.3</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;45.5</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure prepayments on vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6649317600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfNonCurrentAssetsSoldDuringYearTextBlock', window );">ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD</a></td>
<td class="text"><div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="line-height: 9.7pt; font-family: 'gotham bold', calibri, monospace;">NOTE 4 &#8211; ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD</div>
</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">During the first two quarters of 2019, TORM sold three vessels, of which two were delivered to the new owner during the first quarter of 2019 and the third vessel in Q2 2019. The sales resulted in a profit from sale of USD 0.3m and an impairment loss on tangible assets of USD 2.7m.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents information related to assets held for sale and non current assets sold during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6592002032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>MORTGAGE DEBT AND BANK LOANS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfMortgageDebtAndBankLoansAbstract', window );"><strong>Disclosure Of Mortgage Debt And Bank Loans [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBorrowingsExplanatory', window );">MORTGAGE DEBT AND BANK LOANS</a></td>
<td class="text"><div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">NOTE 5 &#8211; MORTGAGE DEBT AND BANK LOANS</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">31 December</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2019</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Mortgage debt and bank loans to be repaid as follows:</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due within one year</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">87.1</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;90.4</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;92.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between one and two years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">87.1</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;86.0</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;87.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between two and three years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;374.2</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;86.0</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;343.4</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between three and four years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;26.9</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">381.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;96.9</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between four and five years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;11.3</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">21.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">10.0</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due after five years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">109.8</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;64.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;99.4</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Total</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;696.4</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;730.9</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;729.5</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (30 June 2018: USD 5.4m, 31 December 2018: USD 5.1m), which are amortized over the term of the loans.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">As of 30 June 2019, TORM was in compliance with the financial covenants. TORM expects to remain in compliance with the financial covenants in the remaining period of 2019.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">During the first six months of 2019, TORM signed a financing agreement with ABN AMRO to increase the existing facility of USD 70.0m by USD 3.7m to finance scrubber installations on newbuildings.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The main conditions in the agreements are in line with the Company's existing loan agreements.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6614273424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTINGENT LIABILITIES<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationAbstract', window );"><strong>Disclosure of contingent liabilities in business combination [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory', window );">CONTINGENT LIABILITIES</a></td>
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<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;">NOTE 6 &#8211; CONTINGENT LIABILITIES</div>
</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The Group is involved in certain legal proceedings and disputes. It is Management&#8217;s opinion that the outcome of these proceedings and disputes will not have any material impact on the Group&#8217;s financial position, results of operations and cash flows.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The Group operates in a wide variety of jurisdictions, in some of which the company and individual tax law is subject to varying interpretations and potentially inconsistent enforcement. As a result, there can be practical uncertainties in applying tax legislation to the Group&#8217;s activities. Whilst the Group considers that it operates in accordance with applicable company and individual tax law, there are concrete potential tax exposures in respect of its operations, which are being investigated further. Based on current legal advice, these exposures are not considered to be material.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of contingent liabilities in a business combination. [Refer: Contingent liabilities [member]; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2018-01-01<br> -Paragraph B64<br> -Subparagraph j<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2018-03-01&amp;anchor=para_B64_j&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2018-03-16<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6777512608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS AND RIGHTS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfContractualCommitmentsAbstract', window );"><strong>Disclosure Of Contractual Commitments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCommitmentsExplanatory', window );">CONTRACTUAL OBLIGATIONS AND RIGHTS</a></td>
<td class="text"><div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;">NOTE 7 &#8211; CONTRACTUAL OBLIGATIONS AND RIGHTS</div>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">As of 30 June 2019, TORM has contractual obligations regarding investment commitments including newbuilding and second-hand commitments and chartered-in vessels of USD 271.4m and USD 0.0m respectively (30 June 2018: USD 306.4m and USD 0.1m, 31 December 2018: USD 258.0m and USD 0.0m).</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of commitments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Contractual Commitments [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6643514960">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>POST BALANCE SHEET DATE EVENTS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory', window );">POST BALANCE SHEET DATE EVENTS</a></td>
<td class="text"><div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;">NOTE 8 &#8211; POST BALANCE SHEET DATE EVENTS</div>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">In July 2019, TORM has agreed sale and leaseback transactions on the MR vessels TORM Torino and TORM Titan (both built in 2016) with two Japanese counterparties. These transactions will provide proceeds of USD 52m, and USD 18m of existing bank debt will be repaid in connection with the transactions. The lease agreements include a purchase obligation in 2024 for TORM Torino and in 2026 for TORM Titan.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">For accounting purposes, the sale and leaseback transactions will be treated as financing arrangements, whereby the vessels will remain on the balance sheet with unchanged values, and the obligations under the leasing contracts will be reflected as lease liabilities on the balance sheet.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">After the quarter ended 30 June 2019, TORM has sold two additional vessels, the MR vessel TORM San Jacinto (built in 2002) and the Handy vessel TORM Saone (built in 2004), for a total consideration of USD 16m. TORM will repay debt of USD 9m in connection with the vessel sales and expects to deliver the vessels to the new owners during the third quarter of 2019.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2018-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=10&amp;date=2018-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6648420704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfAccountingPoliciesAbstract', window );"><strong>Disclosure Of Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory', window );">ACCOUNTING POLICIES</a></td>
<td class="text"><div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="line-height: 10pt; font-family: 'gotham bold', calibri, monospace;">NOTE 9 &#8211; ACCOUNTING POLICIES</div>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">General information</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The information for the year ended 31 December 2018 does not constitute statutory accounts as defined in section 435 of the Companies Act 2006. A copy of the statutory accounts for that year has been delivered to the Registrar of Companies. The auditor's report on those accounts was not qualified, did not include a reference to any matters to which the auditors drew attention by way of emphasis without qualifying the report and did not contain statements under section 498(2) or (3) of the Companies Act 2006.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Significant accounting policies</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The interim report for the period 1 January-30 June 2019 is presented in accordance with IAS 34 "Interim Financial Reporting" as adopted by the EU and as issued by the IASB. The interim report has been prepared using the accounting policies of TORM plc that are consistent with the accounting policies of the Annual Report 2018 and additional IFRS standards endorsed by the EU and as issued by the IASB effective for accounting periods beginning after 1 January 2019. New standards have not had any material effect on the interim report other than mentioned below. The accounting policies are described in more detail in the Annual Report 2018. The interim report for the period 1 January-30 June 2019 is not audited or reviewed, in line with normal practice.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Implementation of IFRS 16</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">IFRS 16 &#8220;Leases&#8221; became effective as of 1 January 2019, and the standard has been implemented using the modified retrospective approach, where comparative information is not restated. TORM has in the past accounted for leaseback vessels as finance leases, and the implementation of IFRS 16 does not change the accounting for these vessels, which are presented as part of &#8220;Vessels and capitalized dry-docking&#8221; on the balance sheet. The impact of
<div style="text-align: left; line-height: 14.4pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="line-height: 10pt; font-family: 'gotham light', calibri, monospace;">introducing IFRS 16 in TORM is limited to leasing agreements regarding office buildings and other administrative assets such as cars, office equipment, etc. The implementation of IFRS 16 requires capitalization of the related lease agreements, and the effect as of 1 January 2019 is a recognition of a right-of-use asset and leasing liability of USD 11.4m. The right-of-use assets are shown as part of &#8220;Land and buildings&#8221; and &#8220;Other plant and operating equipment&#8221; on the balance sheet. The implementation of IFRS 16 will only have a minor negative effect on the &#8220;Profit and Loss&#8221; in 2019 but will improve the Alternative Performance Measure (APM) &#8220;EBITDA&#8221; by estimated USD 2.8m of which USD 2.5m will be reclassified from the line item &#8220;Administrative expenses&#8221; to &#8220;Depreciation&#8221; and approx. USD 0.3m will be reclassified from &#8220;Administrative expenses&#8221; to &#8220;Financial expenses&#8221;.</div>
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<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Going concern</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecasted cash requirements, including newbuildings and loan commitments, and to monitor compliance with the financial covenants in its loan facilities. As of 30 June 2019, TORM&#8217;s available liquidity including undrawn facilities was USD 367m, TORM&#8217;s net debt was USD 623m and the net debt loan-to-value ratio was 51%. TORM performs sensitivity calculations to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant compliance and to enable Management to take corrective actions, if required. The principal risks and uncertainties facing the Group are set out on page 11.</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The Board of Directors has considered the Group&#8217;s cash flow forecast and the expected compliance with the Company&#8217;s financial covenants for a period of not less than 12 months from the date of approval of these financial statements. Based on this review, the Board of Directors has a reasonable expectation, taking reasonable changes in trading performance and vessel valuations into account, that the Group will be able to continue in operational existence and comply with its financial covenants for the next 12 months. Accordingly, the Group continues to adopt the going concern principle in preparing its financial statements.</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of changes made to accounting policies by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6617794976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES (Policies)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfAccountingPoliciesAbstract', window );"><strong>Disclosure Of Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham bold', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Going concern</div>
<div style="text-align: left; line-height: 10pt; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'gotham light', calibri, monospace; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecasted cash requirements, including newbuildings and loan commitments, and to monitor compliance with the financial covenants in its loan facilities. As of 30 June 2019, TORM&#8217;s available liquidity including undrawn facilities was USD 367m, TORM&#8217;s net debt was USD 623m and the net debt loan-to-value ratio was 51%. TORM performs sensitivity calculations to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant compliance and to enable Management to take corrective actions, if required. The principal risks and uncertainties facing the Group are set out on page 11.</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for going concern.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q2 2019</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q2 2018</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">Q1-Q2 2019</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">FY 2018</div>
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<td style="background-color: #e6e7e8; width: 35px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 38px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 38px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 35px; vertical-align: bottom;">&#160;</td>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;2.0</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;2.2</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;4.0</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;4.6</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;9.8</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;9.5</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;19.4</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;19.4</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;36.9</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">11.8</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;24.0</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;46.2</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2018-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2018-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6639051584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>VESSELS AND CAPITALIZED DRY-DOCKING (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">31 December</div>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2019</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
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<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
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<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;1,886.3</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;1,726.6</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;1,726.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Additions</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;27.9</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;97.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">162.7</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Disposals</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-8.0</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-4.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-30.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred from prepayments</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;67.6</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;63.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">81.8</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to assets held-for-sale</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-44.2</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-54.6</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Balance</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,929.6</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,883.4</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,886.3</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;">Depreciation:</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Balance as of beginning of period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;327.6</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;264.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;264.8</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Disposals</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-8.0</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-4.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-30.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Depreciation for the period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">51.4</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;56.7</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;113.4</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to assets held-for-sale</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">-17.3</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-20.4</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Balance</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;353.7</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">316.6</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;327.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 14pt; font-family: 'gotham bold', calibri, monospace;">Impairment:</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Balance as of beginning of period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;162.1</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">167.3</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">167.3</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Impairment losses on tangible fixed assets</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;2.7</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;3.2</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to assets held-for-sale</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-7.0</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-8.4</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Balance</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">157.8</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">167.3</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;162.1</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Carrying amount</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">1,418.1</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,399.5</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;1,396.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Of which right-of-use assets, end of period</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;25.6</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;27.5</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;26.5</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information about the reclassification of financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 12B<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_12B&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6645051360">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PREPAYMENTS ON VESSELS (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfPrepaymentsOnVesselsAbstract', window );"><strong>Disclosure Of Prepayments On Vessels [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfPrepaymentsOnVesselsExplanatoryTableTextBlock', window );">Schedule of prepayments on vessels</a></td>
<td class="text"><table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">31 December</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2019</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Balance as of beginning of period</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;45.5</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;88.4</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;88.4</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Additions</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;75.6</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;25.8</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;38.9</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Transferred to vessels</div>
</td>
<td style="background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-67.6</div>
</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;-63.9</div>
</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">-81.8</div>
</td>
</tr>
<tr>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Carrying amount</div>
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<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;53.5</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;50.3</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;45.5</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the prepayments on vessels.</p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6641533408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>MORTGAGE DEBT AND BANK LOANS (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfMortgageDebtAndBankLoansAbstract', window );"><strong>Disclosure Of Mortgage Debt And Bank Loans [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock', window );">Schedule of repayment of mortgage debt and bank loans</a></td>
<td class="text"><table style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 30%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">30 June</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">31 December</div>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">USDm</div>
</td>
<td style="border-bottom: #000000 2px solid; background-color: #e6e7e8; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2019</div>
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<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">2018</div>
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<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
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<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Mortgage debt and bank loans to be repaid as follows:</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">&#160;</td>
<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">&#160;</td>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due within one year</div>
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<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">87.1</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;90.4</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;92.2</div>
</td>
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<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between one and two years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">87.1</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;86.0</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;87.6</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between two and three years</div>
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<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;374.2</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;86.0</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;343.4</div>
</td>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between three and four years</div>
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<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;26.9</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">381.9</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;96.9</div>
</td>
</tr>
<tr>
<td style="background-color: #ffffff; width: 163px; vertical-align: bottom;">
<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due between four and five years</div>
</td>
<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;11.3</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">21.8</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">10.0</div>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham light', calibri, monospace; margin-left: 6.25pt;">Falling due after five years</div>
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<td style="background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">109.8</div>
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<td style="background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;64.8</div>
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<td style="background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham light', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;99.4</div>
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<div style="line-height: 13pt; text-indent: -6.25pt; font-family: 'gotham bold', calibri, monospace; margin-left: 6.25pt;">Total</div>
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<td style="border-bottom: #000000 2px solid; background-color: #f2f2f2; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;696.4</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 57px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;730.9</div>
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<td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64px; vertical-align: bottom;">
<div style="text-align: right; line-height: 13pt; font-family: 'gotham bold', calibri, monospace; margin-right: 5.65pt;">&#160;&#160;729.5</div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfMortgageDebtAndBankLoansAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the mortgage debt and bank loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfMortgageDebtAndBankLoansExplanatoryTableTextBlock</td>
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<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6782483344">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Total staff costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Staff costs</a></td>
<td class="nump">$ 11.8<span></span>
</td>
<td class="nump">$ 11.7<span></span>
</td>
<td class="nump">$ 23.4<span></span>
</td>
<td class="nump">$ 24.0<span></span>
</td>
<td class="nump">$ 46.2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_OperatingExpensesMember', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Total staff costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Staff costs</a></td>
<td class="nump">2.0<span></span>
</td>
<td class="nump">2.2<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">4.6<span></span>
</td>
<td class="nump">9.3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_AdministrativeExpensesMember', window );">Administrative expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Total staff costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Staff costs</a></td>
<td class="nump">$ 9.8<span></span>
</td>
<td class="nump">$ 9.5<span></span>
</td>
<td class="nump">$ 19.4<span></span>
</td>
<td class="nump">$ 19.4<span></span>
</td>
<td class="nump">$ 36.9<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EmployeeBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EmployeeBenefitsExpense</td>
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<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEmployeeBenefitsLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitOrLossLocationAxis=trmd_OperatingExpensesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitOrLossLocationAxis=trmd_OperatingExpensesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitOrLossLocationAxis=trmd_AdministrativeExpensesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitOrLossLocationAxis=trmd_AdministrativeExpensesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R22.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6781759744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>VESSELS AND CAPITALIZED DRY-DOCKING (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">$ 1,445,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,484,200<span></span>
</td>
<td class="nump">$ 1,452,100<span></span>
</td>
<td class="nump">$ 1,445,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,396,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,418,100<span></span>
</td>
<td class="nump">1,399,500<span></span>
</td>
<td class="nump">1,396,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Right-of-use assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">26,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">25,600<span></span>
</td>
<td class="nump">27,500<span></span>
</td>
<td class="nump">26,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,886,300<span></span>
</td>
<td class="nump">1,726,600<span></span>
</td>
<td class="nump">1,726,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">27,900<span></span>
</td>
<td class="nump">97,800<span></span>
</td>
<td class="nump">162,700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="num">(8,000)<span></span>
</td>
<td class="num">(4,900)<span></span>
</td>
<td class="num">(30,200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment', window );">Transferred from prepayments</a></td>
<td class="nump">67,600<span></span>
</td>
<td class="nump">63,900<span></span>
</td>
<td class="nump">81,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment', window );">Transferred to assets held-for-sale</a></td>
<td class="num">(44,200)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(54,600)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,929,600<span></span>
</td>
<td class="nump">1,883,400<span></span>
</td>
<td class="nump">1,886,300<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Depreciation:</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">327,600<span></span>
</td>
<td class="nump">264,800<span></span>
</td>
<td class="nump">264,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="num">(8,000)<span></span>
</td>
<td class="num">(4,900)<span></span>
</td>
<td class="num">(30,200)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation for the period</a></td>
<td class="nump">51,400<span></span>
</td>
<td class="nump">56,700<span></span>
</td>
<td class="nump">113,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment', window );">Transferred to assets held-for-sale</a></td>
<td class="num">(17,300)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(20,400)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">353,700<span></span>
</td>
<td class="nump">316,600<span></span>
</td>
<td class="nump">327,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Impairment:</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">162,100<span></span>
</td>
<td class="nump">167,300<span></span>
</td>
<td class="nump">167,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment losses on tangible fixed assets</a></td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">3,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment', window );">Transferred to assets held-for-sale</a></td>
<td class="num">(7,000)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(8,400)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">$ 157,800<span></span>
</td>
<td class="nump">$ 167,300<span></span>
</td>
<td class="nump">$ 162,100<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e_i&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment through classification as held for sale or inclusion in a disposal group classified as held for sale. [Refer: Disposal groups classified as held for sale [member]; Property, plant and equipment; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e_vii&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 75<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_75_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisposalsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment resulting from disposals. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisposalsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Impairment loss recognised in profit or loss; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e_v&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 98<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_98_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in property, plant and equipment resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e_ix&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6776606592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>VESSELS AND CAPITALIZED DRY-DOCKING (Detail Textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation expense relates to administrative expense</a></td>
<td class="nump">$ 26.3<span></span>
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<td class="nump">$ 28.9<span></span>
</td>
<td class="nump">$ 53.0<span></span>
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<td class="nump">$ 57.2<span></span>
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<td class="nump">$ 114.5<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLoss', window );">Impairment loss assets-held-for-sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestCostsCapitalised', window );">Capitalized dry-docking costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55.1<span></span>
</td>
<td class="nump">62.1<span></span>
</td>
<td class="nump">67.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation expense relates to administrative expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.5<span></span>
</td>
<td class="nump">$ 0.5<span></span>
</td>
<td class="nump">$ 1.1<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a reduction of the carrying amount of an asset or cash-generating unit to its recoverable amount. [Refer: Carrying amount [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2018-01-01<br> -Paragraph 130<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2018-03-01&amp;anchor=para_130_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2018-01-01<br> -Paragraph 130<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2018-03-01&amp;anchor=para_130_d_ii&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest costs that an entity incurs in connection with the borrowing of funds that are directly attributable to the acquisition, construction or production of a qualifying asset and which form part of the cost of that asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
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<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717606320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PREPAYMENTS ON VESSELS (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Balance</a></td>
<td class="nump">$ 45.5<span></span>
</td>
<td class="nump">$ 88.4<span></span>
</td>
<td class="nump">$ 88.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsOnVesselsAdditions', window );">Additions</a></td>
<td class="nump">75.6<span></span>
</td>
<td class="nump">25.8<span></span>
</td>
<td class="nump">38.9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems', window );">Transferred to vessels</a></td>
<td class="num">(67.6)<span></span>
</td>
<td class="num">(63.9)<span></span>
</td>
<td class="num">(81.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Balance</a></td>
<td class="nump">$ 53.5<span></span>
</td>
<td class="nump">$ 50.3<span></span>
</td>
<td class="nump">$ 45.5<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PrepaymentsOnVesselsAdditions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to prepayments on vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PrepaymentsOnVesselsAdditions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of transferred to from other items to prepayments on vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PrepaymentsOnVesselsTransferredToFromOtherItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>R25.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6661245136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ASSETS HELD-FOR-SALE AND NON-CURRENT ASSETS SOLD DURING THE PERIOD (Detail Textuals) - Non-current assets held for sale<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Jun. 30, 2019 </div>
<div>Vessel</div>
</th>
<th class="th">
<div>Mar. 31, 2019 </div>
<div>Vessel</div>
</th>
<th class="th">
<div>Jun. 30, 2019 </div>
<div>USD ($) </div>
<div>Vessel</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems', window );"><strong>Disclosure Of Information About Non Current Assets Held For Sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfAdditionVesselsSold', window );">Number of additional sold vessels | Vessel</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumbeRofVesselsDeliveredToNewOwner', window );">Number of vessels delivered to new owner | Vessel</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitLossFromSaleOfVessels', window );">Profit from sale of vessels | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets', window );">Impairment on sold or held-for-sale vessels | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.7<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of impairment loss recognised in profit or loss for tangible and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ImpairmentLossRecognisedInProfitORlossTangibleAndIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumbeRofVesselsDeliveredToNewOwner">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of vessels delivered to new owner.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumbeRofVesselsDeliveredToNewOwner</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfAdditionVesselsSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of addition vessels sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfAdditionVesselsSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitLossFromSaleOfVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of profit (loss) from the sale of vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitLossFromSaleOfVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_NoncurrentAssetsHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_NoncurrentAssetsHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6776627584">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>MORTGAGE DEBT AND BANK LOANS (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">$ 696.4<span></span>
</td>
<td class="nump">$ 729.5<span></span>
</td>
<td class="nump">$ 730.9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Falling due within one year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">87.1<span></span>
</td>
<td class="nump">92.2<span></span>
</td>
<td class="nump">90.4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">Falling due between one and two years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">87.1<span></span>
</td>
<td class="nump">87.6<span></span>
</td>
<td class="nump">86.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember', window );">Falling due between two and three years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">374.2<span></span>
</td>
<td class="nump">343.4<span></span>
</td>
<td class="nump">86.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember', window );">Falling due between three and four years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">26.9<span></span>
</td>
<td class="nump">96.9<span></span>
</td>
<td class="nump">381.9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember', window );">Falling due between four and five years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">11.3<span></span>
</td>
<td class="nump">10.0<span></span>
</td>
<td class="nump">21.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember', window );">Falling due after five years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">$ 109.8<span></span>
</td>
<td class="nump">$ 99.4<span></span>
</td>
<td class="nump">$ 64.8<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MortgageDebtAndBankBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to mortgage debt and bank borrowings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MortgageDebtAndBankBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MortgageDebtAndBankLoansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MortgageDebtAndBankLoansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6768252144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>MORTGAGE DEBT AND BANK LOANS (Details textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DirectIssuanceCostForBorrowings', window );">Direct issuance costs for borrowings</a></td>
<td class="nump">$ 4.8<span></span>
</td>
<td class="nump">$ 5.4<span></span>
</td>
<td class="nump">$ 5.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdditionalBorrowings', window );">Increase in amount of financing agreement</a></td>
<td class="nump">3.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_AbnAmroMember', window );">ABN AMRO</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansLineItems', window );"><strong>Mortgage Debt And Bank Loans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Amount of financing agreement</a></td>
<td class="nump">$ 70.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdditionalBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional borrowings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdditionalBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DirectIssuanceCostForBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to direct issuance cost for borrowings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DirectIssuanceCostForBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MortgageDebtAndBankLoansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MortgageDebtAndBankLoansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_AbnAmroMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_AbnAmroMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6768044128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS AND RIGHTS (Details textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfContractualObligationsAndRightsAbstract', window );"><strong>Disclosure Of Contractual Obligations And Rights [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsRegardingNewBuilding', window );">Contractual obligations, new building commitments</a></td>
<td class="nump">$ 271.4<span></span>
</td>
<td class="nump">$ 258.0<span></span>
</td>
<td class="nump">$ 306.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels', window );">Contractual obligations, chartered in vessels</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of contractual obligations regarding commitments and chartered in vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ContractualObligationsRegardingCommitmentsAndCharteredInVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ContractualObligationsRegardingNewBuilding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of contractual obligations regarding newbuilding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ContractualObligationsRegardingNewBuilding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfContractualObligationsAndRightsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfContractualObligationsAndRightsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R29.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6780521008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>POST BALANCE SHEET DATE EVENTS (Details) - Classification of assets as held for sale<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">1 Months Ended</th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Aug. 31, 2019 </div>
<div>Agreements</div>
</th>
<th class="th">
<div>Jul. 31, 2019 </div>
<div>USD ($) </div>
<div>Counterparties</div>
</th>
<th class="th">
<div>Jun. 30, 2019 </div>
<div>USD ($) </div>
<div>Vessel</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TORMTorinoAndTORMTitanMember', window );">MR vessels TORM Torino And TORM Titan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfCounterparties', window );">Number of counterparties | Counterparties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromSalesOfInvestmentProperty', window );">Net cash proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 52<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_RepaymentOfExistingDebt', window );">Repayement of exiting debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 18<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TormAliceAndTormAlexandraMember', window );">MR vessels TORM Alice and TORM Alexandra</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfSaleAndLeasebackAgreements', window );">Number of sale and leaseback agreements | Agreements</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TormSanjacintoAndTormSaoneMember', window );">MR vessels TORM San Jacinto and Handy vessel TORM Saone</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfAdditionVesselsSold', window );">Number of additional sold vessels | Vessel</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromSalesOfInvestmentProperty', window );">Net cash proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 16<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_RepaymentOfExistingDebt', window );">Repayement of exiting debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromSalesOfInvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of investment property. [Refer: Investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromSalesOfInvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfAdditionVesselsSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of addition vessels sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfAdditionVesselsSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfCounterparties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents information related to japanese counterparties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfCounterparties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfSaleAndLeasebackAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents information related to sale and leaseback agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfSaleAndLeasebackAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_RepaymentOfExistingDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents amount related to repayment of existing debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_RepaymentOfExistingDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TORMTorinoAndTORMTitanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TORMTorinoAndTORMTitanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ClassificationOfAssetsAsHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ClassificationOfAssetsAsHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TormAliceAndTormAlexandraMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TormAliceAndTormAlexandraMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TormSanjacintoAndTormSaoneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_TormSanjacintoAndTormSaoneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6775684624">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES (Details Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AccountingPoliciesLineItems', window );"><strong>Accounting Policies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses</a></td>
<td class="nump">$ 12.3<span></span>
</td>
<td class="nump">$ 12.1<span></span>
</td>
<td class="nump">$ 24.7<span></span>
</td>
<td class="nump">$ 24.3<span></span>
</td>
<td class="nump">$ 47.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right-of-use assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn facilities</a></td>
<td class="nump">367.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">367.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetDebt', window );">Net debt</a></td>
<td class="nump">$ 623.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 623.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NetDebtLoanToValueRatio', window );">Percentages of net debt loan to value ratio</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">51.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=ifrs-full_MarketComparableCompaniesMember', window );">Alternative Performance Measure (APM) "EBITDA"</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AccountingPoliciesLineItems', window );"><strong>Accounting Policies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ClassesOfExpensesAxis=trmd_DepreciationMember', window );">Depreciation | Alternative Performance Measure (APM) "EBITDA"</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AccountingPoliciesLineItems', window );"><strong>Accounting Policies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ClassesOfExpensesAxis=trmd_FinancialExpensesMember', window );">Financial expenses | Alternative Performance Measure (APM) "EBITDA"</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AccountingPoliciesLineItems', window );"><strong>Accounting Policies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2018-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2018-03-01&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2018-03-16<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2019-01-01<br> -Name IFRS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net debt of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2018-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2018-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2019-01-01<br> -Name IFRS<br> -Number 16<br> -IssueDate 2018-01-01<br> -Paragraph 53<br> -Subparagraph j<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=16&amp;date=2018-03-01&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
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<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2018-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2018-03-01&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2018-03-16<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AccountingPoliciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents accounting policies line item.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AccountingPoliciesLineItems</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NetDebtLoanToValueRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reprecents net debt loan-to-value ratio percentages.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NetDebtLoanToValueRatio</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
