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 2007

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

                               Tuborg Havnevej 18
                                DK-2900 Hellerup
                    (Address of principal executive offices)

            Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ]     Form 40-F [  ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ___

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)7: ___

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

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 ]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): ________.


     This amendment is being filed by A/S STEAMSHIP COMPANY TORM (the "Company")
in order to clarify that the Report on Form 6-K, dated March 15, 2007, of the
Company, relates solely to its Annual Report for the year ended December 31,
2006. The original report inadvertently referred to a share statement No.


         Set forth herein as Exhibit 1 is a copy of Announcement No. 1 - 2007
regarding the Annual Report for the year ended December 31, 2006 issued by A/S
STEAMSHIP COMPANY TORM (the "Company") to The Copenhagen Stock Exchange on March
5, 2007.

                                                                       Exhibit 1

ANNOUNCEMENT NO. 1 - 2007                                           5 March 2007

TORM 2006 result before tax was USD 241 mill. Proposed dividend of DKK 11.5 (USD
2.0) per share. Expectations for 2007 profit before tax of USD 135-155 mill.

TORM's Board of Directors and Management have re-evaluated the Company's
strategy "Greater Earning Power" and have focused on an accelerated
implementation of the strategy using the Company's strong balance sheet.

The Company will consider a share buy-back programme of up to 15% of the
Company's share capital in 2007. In addition, the Board will propose a share

Key points

     o    Net profit after tax for the year was USD 235 million (DKK 1,395
          million). The Board of Directors considers the result very

     o    EBITDA was USD 301 million (DKK 1,790 million).

     o    Cash flow before financing items was USD 115 million (DKK 683
          million). Cash flow from operating activities was USD 233 million (DKK
          1,383 million), while cash flow from investing activities was USD
          (118) million (DKK (699) million).

     o    At 31 December 2006, equity amounted to USD 1,281 million (DKK 7,251
          million), corresponding to USD 37.0 per share (DKK 209.4) excluding
          treasury shares.

     o    The market value of the Company's fleet as at 31 December 2006
          exceeded the book value by USD 1,016 million (2005: USD 768 million)
          equalling USD 29.3 per share (DKK 166.0) (2005: USD 22.0 (DKK 139.4))
          excluding treasury shares.

     o    On 3 December 2006, TORM announced its own evaluation of its assets
          and hereby the Company's Net Asset Value excluding brand and goodwill.
          The evaluation was solely an internal calculation and was not
          confirmed by evaluations from external advisers. The calculated value
          was DKK 14,861 million equivalent to DKK 429 per share of DKK 10. For
          information about vessels chartered in and purchase options, please
          refer to Note 18 and 19.

     o    Return on Invested Capital (RoIC) was 19.6% (2005: 33.8%), and Return
          on Equity (RoE) was 21.5% (2005: 36.9%).

     o    At the end of 2006, the Company owned 36 vessels: 31 product tankers
          and five dry bulk carriers. The Company took delivery of four vessels
          during the year and contracted eight newbuildings not yet delivered.

     o    By the end of 2006, TORM had 17 vessels on order. In addition, the
          Company had entered into time charters for another 34 vessels.
          Consequently, the Company's fleet of owned and chartered vessels will
          by 2011 consist of 73 vessels based on existing contracts, assuming
          that no vessels are disposed of, acquired and/or chartered in the

     o    TORM's Board and Management have re-evaluated the Company's strategy
          "Greater Earning Power". The strategy is maintained, but will in a
          number of areas be made more precise. For details, please refer to
          page 24.

     o    The profit before tax forecast for 2007 is USD 135-155 million. In
          2006, profit before tax was USD 241 million including dividends (USD
          26.4 million) and gains from sale of vessels (USD 54.4 million) vs. a
          profit before tax forecast range of USD 240-250 million.

     o    The Board of Directors recommends, subject to approval by the Annual
          General Meeting, that a dividend of DKK 11.5 (USD 2.0) per share be
          paid corresponding to a total dividend payment of DKK 419 million (USD
          74 million) and equivalent to 30% of net profit for the year and a
          return of 3.1% in relation to the closing price of the Company's
          shares on the last business day of 2006.

Telephone conference

A telephone conference and webcast ( reviewing the Annual Report
2006 will take place today, 5 March 2007, at 17:00 Copenhagen time. To
participate, please call 10 minutes before the call on tel.: +45 3271 4607 (from
Europe) or +1 334 323 6201 (from the USA). A replay of the conference will be
available from TORM's website.

A/S Dampskibsselskabet TORM                  Telephone +45 39 17 92 00
Tuborg Havnevej 18                           Klaus Kjaerulff, CEO
DK-2900 Hellerup - Denmark


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

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 crude 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.

USD mill.                                                                                                      Danish GAAP

                                                                  2006            2005        2004          2003*     2002*
                                                                  ----            ----        ----          -----     -----
Revenue**                                                          604             586         442           308       194
Time charter equivalent earnings (TCE)                             455             464         350           198       125
Gross profit                                                       271             315         240            98        38
EBITDA                                                             301             351         215            87        35
Operating profit                                                   242             303         179            60        14
Financial items                                                     (1)             (4)         26           100         1
Profit before tax                                                  241             299         205           160        15
Net profit for the year                                            235             299         187           160        70


Non-current assets                                               1,968           1,528       1,056           700       450
Total assets                                                     2,089           1,810       1,240           821       567
Equity                                                           1,281             905         715           414       229
Total liabilities                                                  808             905         524           408       337
Invested capital                                                 1,299           1,176         618           535       402
Net interest bearing debt                                          662             632         272           285       213
Cash and bonds                                                      33             157         124            80        74


From operating activities                                          233             261         228            75        33
From investing activities                                         (118)           (473)       (187)         (153)     (142)
 thereof investment in tangible fixed assels                      (262)           (636)       (187)         (170)     (121)
From financing activities                                         (239)            303          (3)           72        70
Total Net cash flow                                               (124)             91          38            (7)      (39)


Gross margins**
TCE                                                               75.3%           79.2%       79.2%         64.5%     64.2%
Gross profit                                                      44.9%           53.8%       54.3%         31.9%     19.7%
EBITDA                                                            49.8%           59.9%       48.6%         28.2%     17.8%
Operating profit                                                  40.1%           51.7%       40.5%         19.5%      7.4%
Return on Equity (RoE)                                            21.5%           36.9%       33.1%         49.6%     35.7%
Return on Invested Capital (RoIC)****                             19.6%           33.8%       31.0%         12.8%      4.3%
Equity ratio                                                      61.3%           50.0%       57.7%         50.3%     40.4%
Exchange rate USD/DKK,end of period                               5.66            6.32        5.47          5.96      7.08
Exchange rate USD/DKK, average                                    5.95            6.00        5.99          6.59      7.89


Earnings per share, EPS [USD)                                      6.8             8.6         5.4           4.6       2.0
Diluted earnings per share, EPS [USD)                              6.8             8.6         5.3           4.5       2.0
Cash flow per share, CFPS (USD)                                    6.7             7.5         6.6           2.2       1.0
Proposed dividend per share (USD)*****                             2.0             3.6         2.7           1.0       0.1
Proposed dividend per share (DKK)                                 11.5            23.0        15.0           6.0       1.0
Share price in DKK,end of period (per share of DKK 10 each)      372.0           305.1       225.8          90.3      28.2
Number of shares, end of period (mill.)                           36.4            36.4        36.4          36.4      36.4
Number of shares lexcl. treasury sharesl. average (mill.)         34.7            34.8        34.8          34.6      34.6


     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 19, 2007                        By:    /s/ Klaus Kjaerulff
                                                       Klaus Kjaerulff
                                                       Chief Executive Officer

SK 03810 0001 757254