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J. Lauritzen establishes offshore joint venture with private equity investor

Today, J. Lauritzen Ltd. and the Norwegian private equity investor HitecVision, which is focused on the oil- and gas industry, established a 50/50 joint venture company.

Together with the Norwegian private equity investor HitecVision, which is focused on the oil- and gas industry in particular, J. Lauritzen has established a 50/50 joint venture, informs the company in a new press release.

The point of departure for the new company is J. Lauritzen’s hotel and services vessel ‘Dan Swift’. The ship was delivered in December 2009 and has since operated for Statoil and Shell. At the moment, the ship is on a long-term contract with the Brazilian oil company, Petrobras.

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