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J. Lauritzen: Dry bulk challenging despite improvements

J. Lauritzen delivered an improved operating result in the first quarter, though the carrier still suffered a deficit. "Despite market improvements in Q1, dry cargo markets continue to be challenging," says CEO Mads P. Zacho. The carrier maintains its expectations for the full year 2017.

Photo: PR-foto/J. Lauritzen

The market for dry bulk and small gas vessels was better in the first quarter this year than last year, and the Oslo-listed carrier thus delivered an improved performance compared to the first quarter 2016.

The carrier published its interim report on Tuesday showing an operating deficit (EBITDA) for the first quarter of USD 7.4 million against a deficit of USD 17.2 million in the same period last year.

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