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Lauritzen company gets USD 28 million for gas vessel trade

Investment company LF Investment, which Lauritzen Fonden has utilized on several occasions to help its suffering dry bulk carrier, has now paid approximately USD 28.1 million to a company in the group for two gas vessels.

Lauritzen Fonden, via investment company LF Investment ApS, has injected Lauritzen Ship Owner A/S with USD 28.1 million along with another USD 5 million in fresh capital.

The sum covers a commitment to buy on two gas vessels which Lauritzen Kosan had previously taken on but which LF Investment took over in 2016 parallel to a large rescue package for the Danish carrier group which has lost large amounts on the crisis in the dry bulk market over recent years.

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