J. Lauritzen downgrades full-year expectations

The weak dry bulk market also forces J. Lauritzen to downgrade its 2014 full-year expectations following a disappointing quarter and another tough year for the dry bulk carriers.

Danish shipping group J. Lauritzen had a more challenging 3rd quarter than expected.

The carrier suffered an operating deficit (EBITDA) of USD 2.1 million in the 3rd quarter, a significant decline compared to the 2nd quarter, where the carrier achieved a profit of USD 29 million, according to the company's 3rd quarter interim report.

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