11/08/2016at 08:56

J. Lauritzen CEO could face additional capital needs

J. Lauritzen, which is set to publish its second quarter interim report on August 19th, could need another USD 100 million in new capital injections from owner Lauritzen Fonden by as early as next year, analysts project. The pressure on new CEO Mads Peter Zacho looks set to grow further.

BY OLE ANDERSEN

Clear-cut challenges seem to await Mads Peter Zacho when he takes over the reins as new CEO of J. Lauritzen by December 1st 2016 at the latest, replacing departing Jan Kastrup-Nielsen.

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Shipbroker: Hundreds of new bulk vessels in 2016
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Owner: J. Lauritzen is on its own now
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J. Lauritzen lost USD 313 million in 2015

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