Danish shipping company Torm A/S (TRMD -11.2%) gets slammed after the company warns - for a...

|By:, SA News Editor

Danish shipping company Torm A/S (TRMD -11.2%) gets slammed after the company warns - for a second time - that its FY11 results will be lower than expected due to pressure on freight rates and continued global economic uncertainty. The shipper now expects to lose around $175M - $195M, compared to earlier guidance of a loss between $100M - $175M.