Shipping banks put pressure on J. Lauritzen owner

A number of banks including Danske Bank and Nordea, have combined forces to put pressure on the foundation backing carrier J. Lauritzen to inject more money into the company, accordng to a number of sources.

Photo: Rederiforeningen

After massive losses in recent years as well as a collapsed dry bulk market, the economic situation for once-renowned carrier J. Lauritzen is now so severe that new capital is needed.

For this reason, the carrier's many banks, which have upwards of USD 270 million stuck in the company, have now combined their efforts to turn up the pressure on the foundation supporting the carrier to put more money into the company.

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