Lauritzen CEO after negative Q1: Improvements in store

J. Lauritzen finished the first quarter of the year with a negative operating result. CEO Mads P. Zacho expects improvements late in the year, he tells ShippingWatch.

Photo: PR-foto/J. Lauritzen

Dry bulk and gas shipping company J. Lauritzen exits the first quarter of the year with a negative operating result.

A financial update from the company Friday reports an operating deficit (EBITDA) of USD 6.2 million for the first quarter. As such, the company again starts the year with a loss, after an operating deficit of USD 7.4 million in the same quarter 2017.

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