ShippingWatch

J. Lauritzen owner injects millions following major loss in 2019

J. Lauritzen is infused with fresh millions by owner Lauritzen Fonden after booking another deficit for 2019. The funds will bolster the company for the uncertainty created by coronavirus in 2020, CEO Mads P. Zacho tells ShippingWatch.

Mads P. Zacho sees major uncertainties in 2020, not least in light of the coronavirus outbreak. | Photo: J. Lauritzen / Carsten Lundager

Danish shipping company J. Lauritzen once again receives assistance from its owner following a tough 2019, which saw yet another major deficit, according to the annual report, which reveals a bottom line landing at a deficit of USD 105 million.

"2019 was no easy year," Chief Executive Mads P. Zacho tells ShippingWatch, pointing out that prospects for 2020 are highly uncertain due to the coronavirus outbreak, which has led to partial shutdowns of several important economies.

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