S Dampskibsselskabet TORM securities by managerial staff and connected persons

A/S Dampskibsselskabet TORM / News

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ANNOUNCEMENT NO. 11 - 200820 May 2008Report of transactions in A/S
Dampskibsselskabet TORM securities by managerial staff and connected personsA/S
Dampskibsselskabet TORM is obliged under section 28a of the Danish Securities
Trading Act to report transactions in A/S Dampskibsselskabet TORM securities by
its managerial staff and connected persons:A/S Dampskibsselskabet TORM has been
notified of the following transaction:Name:	Niels Peter Abildgaard Nielsen 
Reason:	Board Member
Securities code (ISIN-kode):	DK 0060082915
Description:	Shares
Transaction:	Sale
Trading date:	19 May 2008
Market:	OMX Nordic Exchange Copenhagen
Number:	4.800
Market value in DKK:	825,600

Contact	A/S Dampskibsselskabet TORM		Telephone:  +45 39 17 92 00Tuborg Havnevej
18			Klaus Kjærulff, CEODK-2900 HellerupDenmark 
About TORM	TORM is one of the world's leading carriers of refined oil products
as well as being a significant participant in the dry bulk market. The Company
operates a combined fleet of 128 modern vessels, principally through a pooling
cooperation with other respected shipping companies who share TORM's commitment
to safety, environmental responsibility and customer service.TORM was founded
in 1889. The Company conducts business worldwide and is headquartered in
Copenhagen, Denmark. TORM's shares are listed on the Copenhagen Stock Exchange
(ticker TORM) as well as on the NASDAQ (ticker TRMD). For further information,
please visit www.torm.com. 
 




Safe HarborForward Looking Statements	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 other statements, which
are other than statements of historical facts. 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's
examination of historical operating trends, data contained in our records and
other data available from third parties. Although TORM believes that these
assumptions were reasonable  when made, because these assumptions are
inherently  subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control,  TORM cannot
assure you that it will achieve or accomplish  these expectations, beliefs or
projections. 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 world economies and currencies, changes in charter hire
rates and vessel values, changes in demand for tonne miles of oil carried by
oil tankers, the effect of changes in OPEC'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's operating expenses, including bunker prices, dry-docking and
insurance costs, changes in governmental rules and regulations 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 and political events or acts by terrorists. Risks and
uncertainties are further described in reports filed by TORM with the US
Securities and Exchange Commission, including the TORM Annual Report on Form
20-F and its reports on Form 6-K.Forward looking statements are based on
management's current evaluation, and TORM is only under obligation to update
and change the listed expectations to the extent required by law.

News Source: NASDAQ OMX

20.05.2008  Financial News transmitted by DGAP
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