It will not be during Lauritzen Bulkers' first year as an independent company that the company finally books black figures on the bottom line. But the company's management now says that the strained dry bulk company could become profitable from next year – 2021. If true, it would be the company's first profit in 11 years.
"Although the market looked weak in March, we've been able to earn good money and we expect the result for 2020 to be much better than in 2019. But it will not be with black figures on the bottom line. That's because this year's report will still be negatively impacted by the portfolio of vessels on long-term contracts that are in the process of being discontinued," says Niels Josefsen, CEO of Lauritzen Bulkers, in an interview with ShippingWatch.
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