ShippingWatch

J. Lauritzen could face new Korean beating

The major Danish dry bulk shipping company was hit hard by the Korea Line bankruptcy in 2011. Now Lauritzen Bulkers risks considerable losses from the collapse of another Korean shipping company, STX Pan Ocean, warns the shipping company.

Photo: Rederiforeningen

In a brief to the Oslo Stock Exchange, J. Lauritzen warns that the financial crisis in Korea's largest dry bulk carrier, STX Pan Ocean, could have a significant impact on the shipping company's results for 2013 as a whole.

J. Lauritzen has two major capesize bulk carriers on long-term contracts at the South Korean shipping company, which went under receivership last week.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs