J. Lauritzen is a couple of thousand dollars a day from turning a profit on dry bulk

If J. Lauritzen is to make money on dry bulk, the rates need to increase a couple of thousand dollars a day, CEO Mads P. Zacho tells ShipingWatch. Despite bright spots, he declines to speculate about when the shipping company is profitable again.

Photo: J. Lauritzen

Almost a decade has passed since the last time J. Lauritzen's dry bulk business was profitable, and if this ambition is to be realized this year, the rates need to improve by a couple of thousand dollars per day, the shipping company's CEO tells ShippingWatch.

J. Lauritzen published its annual report for 2018 on Tuesday this week. The bottom line was negative again, and the shipping company also expects a deficit for 2019.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs