Last year J. Lauritzen announced an impending foray into the booming market for major gas vessels, but a hectic newbuilding activity has replaced this growth strategy with a more cautious approach to the market, said Executive Vice President and CFO at J. Lauritzen, Birgit Aagaard-Svendsen at an investor presentation on Monday in relation to the group's 2nd quarter interim report, where she described the age of Lauritzen Kosan's fleet of smaller gas vessels as challenging: