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J. Lauritzen significantly reduced its deficit in 2020 after divestment and capital injection

J. Lauritzen exits 2020 with a considerably lower deficit and the company, which now only consist of dry bulk following the sale of its gas business, expects to book its first profit in more than ten years in 2021, although the year is subject to more uncertainty that usual.

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The now dry bulk-dedicated shipping company J. Lauritzen cut a major chunk off its deficit in 2020, which became a year in which the carrier honed in on its dry bulk business and sold of its gas business.

Friday morning, the company reports of a total deficit sitting at USD 18.1 million for 2020, a significant improvement compared to the USD 88.4 million deficit booked  the year before, reveals the company's annual report.

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