J. Lauritzen expects USD 310-340 million deficit for 2013

J. Laurtitzen expects a significantly lower result for 2013 as a whole than it did just a few months ago. The shipping company expects a deficit of around USD 310 -340 million. The company will exit from product tank gradually.

BY TOMAS KRISTIANSEN

Shipping company J. Lauritzen lowers is expectations significantly for the results for 2013 as a whole. The crisis in the dry bulk industry and the failure among the carrier's partners to comply with financial obligations prompts the shipping company to expect a deficit of USD 310-340 million:

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