Offshore

Lauritzen still needs to pump millions into Axis Offshore

The offshore drama is not over yet for Lauritzen, which through its subsidiary LF Invest has to inject upwards of USD 10 million into Axis Offshore in order to secure a rescue plan for the company.
Photo: Axis Offshore
Photo: Axis Offshore
by JOHANNES HARTKOPF-MIKKELSEN

Just as the Lauritzen Fonden looked on track to fully exit the offshore sector through a divestment to Norway's Prosafe, the fund's subsidiary, LF Invest, now has to pay out to protect the remains of Axis Offshore from bankruptcy.

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