J. Lauritzen hit by new losses - lowers expectations for 2013

Lauritzen Bulkers has sold a newbuilding planned to be delivered in the third quarter 2013, and the company lowers its expectations for 2013 as a whole.

BY OLE ANDERSEN

Lauritzen Bulkers has sold off a newbuilding planned to be delivered in the third quarter 2013, which the shipping company will then take on through a long-term charter contract. J. Lauritzen also informs on Thursday that the company's net result for the year is expected to be a USD 85-110 million deficit, compared to a deficit of USD 75-100 million before.

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J. Lauritzen hit by new losses - lowers expectations for 2013

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs