J. Lauritzen owner suffers loss of USD 244 million
Lauritzen Fonden recorded a massive deficit in the wake of problems with bulk carrier J. Lauritzen. But it could have been much worse were it not for the foundation's controlling stake in recent success story, logistics group DFDS.
BY NIKLAS KRIGSLUND
2015 was a historically bad year for dry bulk, and the Lauritzen Fonden fund, which owns carrier J. Lauritzen, can certainly feel the bad times.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.