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J. Lauritzen repays remainder of expensive bond loan

J. Lauritzen has no plans of issuing new bonds once the remainder of the carrier's expensive bond loans are repaid in a few weeks. "We had, and still have, a significant and solid surplus liquidity," CFO Birgit Aagaard-Svendsen tells ShippingWatch.

Photo: Carsten Lundager

In three weeks, on May 5th, J. Lauritzen will repay around USD 55.5 million, the remainder of a bond loan that originally totaled USD 86.3 million and which the carrier has been preparing to pay since 2013 through moves including the divestment of its product tanker fleet.

And the carrier does not plan to issue new bonds in 2015, CFO and Executive Vice President Birgit Aagaard-Svendsen tells ShippingWatch.

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