J. Lauritzen lowers forecast to minus USD 50-100 mln in 2015

The lowest dry bulk market in 30 years, with significant uncertainties in at least the remaining part of 2015, says CEO Jan Kastrup-Nielsen after a new depressing interim report from J. Lauritzen after the first three months of the year.

BY OLE ANDERSEN

J. Lauritzen lowers its projections for the full year 2015 to a net deficit of USD 50 to 100 million, from previously a deficit of USD 20-70 million, according to the group's interim report for the first quarter 2015.

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J. Lauritzen lowers forecast to minus USD 50-100 mln in 2015

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J. Lauritzen to sell ships to obtain liquidity

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

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Russia’s diesel ban threatens to roil global markets – if it lasts

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John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd were in talks to acquire state-owned port company

Jobs