Danish shipping firm sells three tankers

A/S Dampskibsselskabet Torm, a Danish shipping company, is selling three of its tankers for a total of $63 million.
The move is part of Torm’s strategy of selling older bulk vessels so it can build its fleet of bigger Panamax bulk vessels, the 117-year-old Copenhagen company said Friday. Torm did not disclose who is buying the three older vessels.