Bulk

J. Lauritzen hit by sudden dry bulk collapse

The sudden drop in dry bulk rates at the start to 2019 has impacted J. Lauritzen, and the low level has continued into the second quarter. Today, day rates are approximately USD 3,000 away from break-even for the shipping company, CEO Mads Zacho tells ShippingWatch.
Photo: Carsten Lundager / J. Lauritzen
Photo: Carsten Lundager / J. Lauritzen
by NIKLAS KRIGSLUND

The rough start to 2019, when the dry bulk market took a nosedive, has hit J. Lauritzen.

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