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
                    (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
                                    ---        ---


     Set forth herein as Exhibit 1 is a copy of Statement  No.  4-2003 issued by
A/S STEAMSHIP  COMPANY TORM (the "Company") to The Copenhagen  Stock Exchange on
March 28, 2003.

Exhibit 1


Kobenhavns Fondsbors                                A/S Dampskibsselskabet TORM
(The Copenhagen Stock Exchange)                     Marina Park
Nikolaj Plads 6                                     Sundkrogsgade 10
1067 Copenhagen K                                   DK-2100 Copenhagen 0

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

                                                    Comtext:  A43DK152

                                                    VAT/CVR. No. 2246 0218

28 March 2003       Statement No. 4 - 2003
                    Contact Person: Klaus Nyborg, CFO (Phone: +45 39 17 92 00)

Change in TORM's Board of Directors

At the election held on 26 March 2003 the following employees were elected to
A/S Dampskibsselskabet TORM's Board of Directors:

Member of the Board of Directors:   Chief Engineer Peder Mouridsen
Alternate:                          Vice President Anders Engholm

Member of the Board of Directors:   Master Lennart Arnold Johan Arrias
Alternate:                         System Manager Torben Birthin Sorensen

The new Board members will take up their position after the Annual General
Meeting on 9 April 2003 and replace current employees elected to the Board of

Yours faithfully
A/S Dampskibsselskabet TORM

Klaus Nyborg




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 bunker 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


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:  March 28, 2003                   By: /s/ Klaus Nyborg
                                          Klaus Nyborg
                                          Chief Financial Officer

03810.0001 #395023