Lauritzen Bulkers set to book first profit since 2010 following market boom

Lauritzen Bulkers expands its fleet by around 40 percent in a bustling dry bulk market. The dry bulk operator is set to book the first profit since 2010, and a major one at that, the CEO tells ShippingWatch.

Photo: PR/J. Lauritzen

Lauritzen Foundation, the majority owner of Lauritzen Bulkers, can finally move past years of financial headaches as J. Lauritzen's dry bulk business finally enters the black.

The bustling dry bulk market, fueled by strong demand and the highest freight rates in ten years, has generated an earnings bonanza for many dry bulk companies and operators, not least Lauritzen Bulkers, which is seeing black numbers on the bottom line for the first time in a decade.

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