ShippingWatch

Lauritzen Foundation is ready with fresh capital for its shipping companies

The Lauritzen Foundation will provide financial support for the J. Lauritzen shipping companies if it becomes necessary again, the fund's CEO Tommy Thomsen tells ShippingWatch. He will serve as chairman of the two boards of directors following the split.

Photo: PR/Lauritzen Fonden

As recently as late March, the owner of J. Lauritzen – the Lauritzen Foundation – had to reach into its pockets yet again, as the dry bulk shipping company was in acute need of fresh capital, and if the need emerges again, the fund's CEO Tommy Thomsen will not hesitate to cover the losses once again.

As such, the sole owner of Lauritzen Bulkers and Lauritzen Kosan is financially backing the two shipping companies, which with Wednesday's announcement will serve as two independent companies, each with their own management and board of directors.

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