J. Lauritzen got a bad start to 2016

Fund-owned dry bulk carrier J. Lauritzen is still struggling with the dire state of the dry bulk market, and the carrier's suffered a USD 17.2 million operating deficit before one-off items. However, a capital injection boosted the bottom line.

Photo: Rederiforeningen

The all-time low dry bulk market is still hurting J. Lauritzen.

Earnings as well as the operating profit declined at the Danish carrier in the first quarter 2016 as the dry bulk crisis continued at undiminished strength. However, the divestment of stakes and a capital injection from owner Lauritzen Fonden boosted the bottom line, which came to a reduced deficit compared to last year.

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