Sohmen-Pao offers the financial strength that Lauritzen Kosan needs

The sale of Lauritzen Kosan has been a long time coming, Lauritzen Foundation CEO Tommy Thomsen tells ShippingWatch. With the Sohmen-Pao family's BW Group as new majority owner, the shipping company gets completely new financial opportunities than is the case today.

Photo: PR/Lauritzen Fonden

The sale of Lauritzen Foundation's gas shipping company, Lauritzen Kosan, has been a long time coming. It is not, as it might otherwise look from the outside, one of three quick LPG acquisitions that the Sohmen-Pao dominated BW Group, in a somewhat remarkable move, announced just before Christmas.

"This is a process that has taken a long time. We know each other well and have met frequently. When you have interests in the same areas, it's natural to ask about each other's activities. That's how this came about," explains Lauritzen Foundation CEO Tommy Thomsen to ShippingWatch.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs