FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of March, 2003
A/S STEAMSHIP COMPANY TORM
(Translation of registrant's name into English)
Marina Park
Sundkrogsgade 10
DK-2100 Copenhagen 0
Denmark
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Set forth herein 1) as Exhibit 1 is a copy of Share Statement No.
1/2003 issued by A/S STEAMSHIP COMPANY TORM (the "Company") to The Copenhagen
Stock Exchange on March 19, 2003, 2) as Exhibit 2 is a copy of Share Statement
No. 2/2003 issued by the Company to the Copenhagen Stock Exchange on March 20,
2003, and 3) as Exhibit 3 is a copy of a Statement No. 3 2003 issued by the
Company to The Copenhagen Stock Exchange on March 24, 2003.
Exhibit 1
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Kobenhavns Fondsbors
Nikolaj Plads 6
1067 Copenhagen K
19 March 2003 Share statement no. 1/2003
Contact Person: Klaus Nyborg, CFO (Phone: +45 3917 9200)
This is to notify you of changes in the shareholdings of the company's insiders
pursuant according to the Danish Securities Trading Act.
Securities Trade Holding Market Total Holding Total market
code date number value number value
------------ ---------- ------- ---------- ------------- -------------
DK0010281468 18.03.2003 -2,425 152,301.00 1,189,568 74,871,408.00
Yours faithfully
A/S Dampskibsselskabet TORM
Klaus Nyborg
Exhibit 2
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Kobenhavns Fondsbors
Nikolaj Plads 6
1067 Copenhagen K
A/S Dampskibsselskabet TORM
Marina Park
Sundkrogsgade 10
DK-2100 Copenhagen 0
Denmark
Tel: +45 39 17 92 00
Fax: +45 39 17 93 93
Telex: 22315 TORM DK
E-mail: mail@torm.dk
Website: www.torm.dk
Comtext: A43DK152
VAT/CVR. No. 2246 0218
20 March 2003 Share statement no. 2/2003
Contact Person: Klaus Nyborg, CFO (Phone: +45 3917 9200)
This is to notify you of changes in the shareholdings of the company's insiders
pursuant according to the Danish Securities Trading Act.
Securities Trade Holding Market Total Holding Total market
code date number value number value
------------ ---------- ------- ---------- ------------- -------------
DK0010281468 19.03.2003 -1,160 -71,920.00 1,188,408 74,822,160.00
Yours faithfully
A/S Dampskibsselskabet TORM
Klaus Nyborg
Exhibit 3
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Kobenhavns Fondsbors
(The Copenhagen Stock Exchange)
Nikolaj Plads 6
1067 Copenhagen K
A/S Dampskibsselskabet TORM
Marina Park
Sundkrogsgade 10
DK-2100 Copenhagen 0
Denmark
Tel: +45 39 17 92 00
Fax: +45 39 17 93 93
Telex: 22315 TORM DK
E-mail: mail@torm.dk
Website: www.torm.dk
Comtext: A43DK152
VAT/CVR. No. 2246 0218
24 March 2003 Statement No. 3 - 2003
Contact Person: Klaus Kjaerulff, CEO (Phone: +45 39 17 92 00)
TORM increases expectations for 2003 net profit to DKK 190 - 220 mill.
Following realized freight rate levels, which are better than expected, for
TORM's Tanker and Dry bulk divisions for the first quarter of 2003 and already
contracted cargoes for the beginning of second quarter 2003, TORM now increases
the expectations for 2003 net profit.
A net profit of DKK 190 - 220 mill. is now expected against a previously
expected net profit for 2003 of DKK 120-140 mill. as announced in the 2002
annual report. The expected net profit includes a gain of DKK 7 mill. on the
sale of TORM GYDA and a DKK 15 mill. unrealized capital gain on the shares in
Dampskibsselskabet "NORDEN" A/S, based on a share price of DKK 390. The
expectations are based on an average USD/DKK exchange rate of 7.00 for 2003.
No significant changes are expected in the structure of the balance sheet except
consequences of normal operation and the above-mentioned circumstances.
As it was the case with the expectations announced in the annual report for
2003, due to the unstable political and economic situation, the expectations are
subject to a higher degree of uncertainty, both upwards and downwards, than
normally.
Yours faithfully
A/S Dampskibsselskabet TORM
Klaus Kjaerulff
CEO
SAFE HARBOUR STATEMENT - FORWARD LOOKING STATEMENTS
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This release contains forward-looking statements concerning future events and
the Company's operations, performance and financial conditions, including, in
particular, statements regarding: Spot and TCE rates in the near and long term,
operating days, tanker and bulker supply and demand, supply and demand for oil
and refined products, expectations about the Company's future capital
requirements and capital expenditures, the Company's growth strategy and how it
is implemented, the number of partner and the number of vessels the partners
have in the pools, environmental changes in regulation, cost savings and other
benefits. Words such as "expects", "intends", "plans", "believes",
"anticipates", "estimates", "outlook" and variations of such words and similar
expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks and are based on a number of
assumptions and estimates, which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of the
Company. In addition to the factors and matters discussed elsewhere in this
report, important factors that, in TORM's view, could cause actual results to
differ materially from those discussed in the forward looking statements include
the strengths of world economies, currencies and interest rate levels, general
market conditions, including fluctuations in charter hire rates and vessel
values, changes in demand in the shipping market, including the effect of
changes in OPEC's petroleum production levels and worldwide oil consumption and
storage, changes in the Company's operating expenses, including bunker prices,
dry-docking and insurance costs, changes in governmental rules and regulations
or actions taken by regulatory authorities, potential liability from pending
future litigation, general domestic and international political conditions,
potential disruption of shipping routes due to accidents or political events,
and other important factors described from time to time in the reports filed by
TORM with the Copenhagen Stock exchange and the Securities and Exchange
Commission.
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SIGNATURES
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.
A/S STEAMSHIP COMPANY TORM
(registrant)
Dated: March 24, 2003 By: /s/Klaus Nyborg
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Klaus Nyborg
Chief Financial Officer
03810.0001 #393882