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J. Lauritzen makes more impairments due to terminated deal

Charter deals for two of J. Lauritzen's Capesize vessels have been ceased. This will improve the company's liquidity, but negatively impact the 2015 result, states J. Lauritzen.

J. Lauritzen has entered into a agreement to prematurely cease a charter deal on two of the carrier's Capesize vessels, the company announces in a corporate statement to the Oslo Stock Exchange. This concerns the vessels "Churchill Bulker" and "Corona Bulker", for which the current deal will be terminated in return for compensation paid out to J-Lauritzen over the next two years.

The agreement will improve J. Lauritzen's liquidity significantly, according to the statement. But first of all it will mean a downgrade of the expectations for 2015.

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