J. Lauritzen expects improvement for dry bulk despite trade war

Bulk and tanker carrier J. Lauritzen's operating result came a little closer to a profit in the third quarter this year, helped along by an improved dry bulk market. Despite a looming trade war, CEO Mads Zacho expects the improvement in dry bulk to continue.

Photo: PR-foto: J. Lauritzen

Improvement but not profit is the header of J. Lauritzen's financial report for the third quarter.

The result was improved in the period, however, the company still booked a deficit. The carrier's operating result for the third quarter landed at a USD 1.7 million deficit, which was an improvement from a negative USD 9.8 million in the same period of 2017.

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