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 September, 2002

                           A/S STEAMSHIP COMPANY TORM
                 (Translation of registrant's name into English)

                                   Marina Park
                                Sundkrogsgade 10
                              DK-2100 Copenhagen 0
                    (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

                                    Yes       No   X
                                        ----      ----


         Set forth  herein as Exhibit 1 is a copy of a  Statement  No. 30 - 2002
issued by A/S STEAMSHIP  COMPANY TORM (the  "Company") to The  Copenhagen  Stock
Exchange on 9th September 2002, "A/S  Dampskibsselskabet TORM ("TORM") increases
focus on core  business  areas - sells USA - West Africa  liner  activity to the
A.P. M0ller Group."

Exhibit 1

Kobenhavns Fondsbors
(The Copenhagen Stock Exchange)
Nikolaj Plads 6
1067 Copenhagen K

9th September 2002               Statement No.  30 - 2002
                                 Contact Person: Klaus Kjaerulff, CEO
                                 (Phone: +45 39 17 92 00)

A/S  Dampskibsselskabet  TORM ("TORM")  increases focus on core business areas -
sells USA - West Africa liner activity to the A. P.
Moller Group

     o    TORM sells TORM  Lines to  companies  in the A.P.  M0ller  Group,  and
          increases its focus on its core business areas, product tanker and dry
          bulk activities.

     o    The transaction includes assets with a book value of approximately DKK
          6.8 million. Net of transaction costs and provisions,  the gain before
          tax is estimated to be  approximately  DKK 63 million.  Over time, the
          sale will release working capital in the range of DKK 25-30 million.

     o    TORM Lines employs 30 people, of which 26 will be transferred to A. P.
          M0ller. The remaining employees continue their employment with TORM.

     o    Net  turnover  in TORM Lines was DKK 581  million in 2001 and  pre-tax
          profit was DKK 13.3 million in 2001.

     o    As a  consequence  of the sale,  TORM now expects net income after tax
          for 2002 to be in the range of DKK  430-440  million or DKK  23.6-24.2
          per share,  compared  to an expected  net income  after tax of DKK 380
          million announced in connection with the release of first half figures
          on 12 August 2002.

For several years TORM's principal  business areas have been  transportation  of
refined petroleum products and dry bulk  transportation.  The sale of TORM Lines
is thus a continuation of the process  towards  increased focus on core business
areas that began  with the  announcement  in 2001 of the  planned  cessation  of
operations in offshore supply vessel segment.

TORM Lines is a leading operator with more than 20 years' of experience in liner
operations  between the US and West Africa,  with a non stop service  across the
Atlantic  combined with a feeder service along the West African coast. The fleet
consists of eight ships,  all of which are chartered in. The  activities of TORM
Lines are not incorporated in a separate legal entity.

The parties have agreed not to disclose the consideration of the transaction.

EC Hambro  Rabben &  Partners  Limited  acted as  financial  advisor  to TORM in
connection with the transaction.

Yours sincerely,
A/S Dampskibsselskabet TORM

Klaus Kjaerulff, CEO


     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

Dated: September 9th, 2002                        By: /s/ Klaus Nyborg
                                                  Klaus Nyborg
                                                  Chief Financial Officer

03810.0001 #347803