Depreciations in Lauritzen Foundation lead to major loss in 2020

Lauritzen Foundation, owner of J. Lauritzen and 43 percent of DFDS, lost DKK 574 million last year due to significant write-downs of the fleet. The foundation's CEO Tommy Thomsen is hopeful for the future after a difficult 2020, he tells ShippingWatch.

Photo: PR/Lauritzen Fonden

For the second year in a row, Lauritzen Foundation, owner of J. Lauritzen and 43 percent of DFDS, books a staggering deficit, shows the newly published financial report for 2020.

In 2020, the loss came out to DKK 574 million (USD 90.6 million), following a deficit of DKK 312 million the year before.

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

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs