Due to increased focus on the tanker and bulk business, A/S Dampskibsselskabet TORM sold its liner division, TORM Lines, to the A.P. Moller Group.
The activities included a liner service between ports on the American East Coast and the Mexican Gulf to ports in West Africa, and were immediately integrated with the liner activities of Maersk Sealand and Safmarine.
The acquisition strengthened the coverage of Maersk Sealand and Safmarine in the above-mentioned areas.