12/05/2015at 09:01

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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J. Lauritzen's owner puts headquarters up for sale

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Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

End of 2M alliance could trigger a domino effect

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