Lauritzen Kosan.jpg
LF Investment has taken over commitments to buy two gas vessels from Lauritzen Kosan. The pictured vessel is not one of them.

Owner used subsidiary to aid J. Lauritzen through 2016


On several occasions, Lauritzen Fonden has used a subsidiary to provide financial aid to its dry bulk carrier J. Lauritzen during 2016. ShippingWatch outlines the shipping activities in the fund's investment company LF Investment.

Published 03.01.17 at 10:32

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Offshore

Norway's new major carrier dubbed a "risky venture"

LarsPederSolstad01.jpg Offshore:

Two of Norway's biggest figures in shipping, Kjell Inge Røkke and John Fredriksen, are behind Norway's new offshore carrier Solstad Farstad which will become the country's largest carrier. "It's a tough market out there," CEO Lars Peder Solstad tells ShippingWatch.

OPEC has few escape routes from another bear market in oil


OPEC has few remaining tools left to boost prices, after investors seem unmoved by the decision to prolong supply cuts.

After a 30-day slide the oil price is again headed for USD 40


What was supposed to be OPEC's manifestation of agreement and strength to push the oil price back up, has now crumpled with a whimper and a price that, after sliding for almost 30 consecutive days, is now headed for USD 40 again. Banks are lowering their estimates considerably.

Spanish shipbreaker: EU list has increased interest in us


The EU list of yards which are allowed to dismantle European vessels has led to greater interest in Spanish shipbreaker DDR Vessels, says CEO. However, there are still many carriers trying to circumvent the rules.

Norwegian oil companies experiencing huge price decline since the new year


The ten most valuable oil and oil service companies listed in Oslo have had a negative return of NOK 67 billion since the beginning of the year. Statoil accounts for the by far biggest share of the price fall, which is attributed to the unexpected low oil price, writes E24.

National Oilwell Varco to lay off as many as 170 people in Norway


National Oilwell Varco is looking to reduce its workforce in Norway by one in ten employees, reports Dagens Næringsliv. The oil company has been cutting costs since the oil price plunged.

Current front page

Frontline abandons corporate acquisitions and bets on own fleet

FRONT_ODIN_210410A (36) small.JPG Tanker:

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

Hapag-Lloyd has lost efficiency following merger


According to SeaIntel, the merger with Chilean CSAV has cost the German container carrier 11 percent of its otherwise all-time high efficiency measured in freight volumes and number of employees.

Are MPP owners headed out of a ten-year slump?


Drewry eyes signs of recovery in the project cargo market in the second half of the year and into 2018. Part of the reason stems from improvements in competing sectors in dry bulk and container.

Maersk's customer can soon monitor reefer containers


Starting next month, Maersk Line's customers will be able to monitor where the carrier's reefer containers are located as well as the internal temperatures. This comes in response to requests from customers, says CCO.

Carriers ordering far more tankers and bulkers this year


The number of new dry bulk and tanker vessels ordered in the first half of the year has soared big-time – and this is far from what the sector needs, says Bimco's chief analyst in an update.

Scan Global CEO hopes for a more stable container market


The container carriers' higher freight rates do not constitute an actual problem for Danish freight forwarder Scan Global Logistics. But the CEO tells ShippingWatch that he hopes prices will soon stabilize.