ShippingWatch

Lauritzen CEO sees weak market continuing several years

J. Lauritzen CEO Jan Kastrup-Nielsen has a dark outlook on the global dry bulk market several years going forward, he explains in an interview with ShippingWatch following the carrier's 2015 annual report, which features a massive deficit of USD 313 million.

When Jan Kastrup-Nielsen took over as Chief Executive of J. Lauritzen exactly three years ago, he told ShippingWatch that a profit was waiting for the carrier in 2014.

And he was not the only one in the dry bulk industry to place his faith in 2014 delivering a stronger market, but Kastrup-Nielsen also projected that the dry bulk carrier's side activities would boost the combined bottom line after the catastrophic year of 2012.

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