J. Lauritzen: Bulk better in 2nd part of the year

The second half of 2014 will be better than the first for dry bulk, where the Chinese New Year lasted longer than expected, CEO Jan Kastrup-Nielsen tells ShippingWatch. With an open dry bulk fleet the carrier is in a strong position.

BY KATRINE GRØNVALD RAUN

The dry bulk market is set to improve in the second half of the year, after the first months disappointed several dry bulk operators by bringing lower cargo volumes than expected, says J. Lauritzen CEO Jan Kastrup-Nielsen after the carrier's interim report for the first quarter 2014, where the company for the first time in a long while was able to present a positive result after taxes on the bottom line, at USD 1.9 million.

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