Lauritzen Foundation: We have to dig into our pockets
The Lauritzen Foundation is preparing to yet again "dig into its pockets," as the fund's manager Bent Østergaard tells business daily Berlingske Business. Another hard year ahead for the struggling dry bulk carrier.
BY KATRINE GRØNVALD RAUN
Carrier J. Lauritzen's owner is getting ready for another tough year, with the past four years alone having cost the carrier more than USD 700 million. And if the carrier is to survive, the Lauritzen Foundation will have to help.
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