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.

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