J. Lauritzen sees horrible 2015 ahead

Bulk carrrier J. Lauritzen suffered a USD 165.7 million deficit in 2014, and the carrier's executive management finds it difficult to see any significant improvement this year.

Photo: J. Lauritzen

J. Lauritzen is headed for a new nightmare year in 2015, where, in the words of the carrier's management, it is difficult to find any indicators that the company's core businesses - of which dry bulk is the biggest by far - can look forward to any significant improvements.

The carrier suffered a 2014 net deficit of USD 165.7 million, compared to a USD 284.6 million deficit the year before. The result falls in line with the carrier's expectations as outlined in a statement in December last year.

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