19/08/2016at 15:18

J. Lauritzen chairman: No improvements before 2018

"For now we don't expect significant improvements, and we're navigating on that basis," J. Lauritzen chairman Jesper Lok tells ShippingWatch about the prospects for the dry bulk carrier following the half-year report on Friday.

BY LOUISE VOGDRUP-SCHMIDT, TOMAS KRISTIANSEN & NIKLAS KRIGSLUND

"Dry cargo markets remained at historically depressed levels due to sustained weak trade growth and tonnage oversupply," said CEO Jan Kastrup-Nielsen in a final comment on J. Lauritzen's interim report.

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