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 August, 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
                                  -----                 -----
      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
                                     -----     -----





INFORMATION CONTAINED IN THIS FORM 6-K REPORT

     Set forth  herein as  Exhibit 1 is a copy of a  Copenhagen  Stock  Exchange
Announcement No. 8 - 2003 issued by A/S STEAMSHIP COMPANY TORM to The Copenhagen
Stock Exchange on August 5, 2003.





Exhibit 1
---------

COPENHAGEN STOCK EXCHANGE ANNOUNCEMENT NO. 8 - 2003

                                                   A/S Dampskibsselskabet TORM
                                                   Marine Park
                                                   Sundkrogsgade 10
                                                   DK-2100 Copenhagen O
                                                   Denmark

                                                   Tel:     +42 39 17 92 00
                                                   Fax:     +45 39 17 93 93
                                                   Telex:   22315 TORM DK

                                                   E-mail:  mail@torm.dk
                                                   Webstie: www.torm.dk
                                                   Comtext: A43DK152

                                                   VAT/CVR. No. 2246 0218

5 August 2003


TORM increases expectations for 2003 profit after tax to DKK 375 - 400 mill.

o    Freight  rates for the  Company's  product  tankers in the first and second
quarter of 25003 were at a very high level.  This was caused by several factors,
including  the war in Iraq and low levels of  refined  products  inventories  in
general.  Although freight rates - as expected - weakened towards the end of the
second  quarter  -  despite  delivery  of  many  newbuildings  -  continued  low
inventories and focus on younger vessels from transportation  buyers have led to
freight rates that have been and remains higher than estimated by TORM.

o    Consequently, TORM has increased its expected freight rates for the product
tanker division for the remainder of 2003.

o    Likewise,  freight rates for the Company's bulk vessels have been at a high
level in the first half of 2003,  and are  expected to stay at these  levels for
the remainder of 2003,  as the growth in the world fleet is  relatively  modest.
Given TORMs hedging of rates, the results of the Bulk division in the first half
was  reduced.  The effect of this hedge will be of reduced in the  remainder  of
2003, and hence, the result is expected to be improved in the second half.

o    The  expectations  for the full year  2003  profit  after tax is  therefore
increased  from DKK 240-270 mill. as announced on 22 May 2003 to a result of DKK
375-400 mill.

This includes an unrealized gain on the Company's  shares in  Dampskibsselskabet
NORDEN A/S of DKK 55 mill., based on a price per share of DKK 445.

o    The  underlying  assumptions  for the increased  forecast will be commented
further in the first half 2003 report, which will be released on 19 August 2003.
The expected result is subject to some uncertainty in both directions due to the
global situation.

A/S Dampskibsselskabet TORM
Contact person: Klaus Kjaerulff, CEO (tel.: +45 39 17 92 00)


SAFE HARBOUR STATEMENT - FORWARD LOOKING STATEMENTS

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.





                                   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:  August 5, 2003                    By: /s/ Klaus Nyborg
                                          --------------------------
                                          Klaus Nyborg
                                          Chief Financial Officer





03810.0001 #421422