ShippingWatch

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.

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