The Lauritzen Foundation still has faith in J. Lauritzen

The owners of J. Lauritzen, the Lauritzen Fund, hasn't lost faith in the shipping company's management following last week's announcement of yet another loss for the shipping company, which expects a new mulit-million dollar deficit in 2013.

Photo: Rederiforeningen

On Friday last week, J. Lauritzen presented another bleak six-month result, and the shipping company lowered its expectations for 2013 to a total deficit of USD 310-340 million.

However, chairman of the Lauritzen Fund, which owns one hundred percent of J. Lauritzen, Jens Ditlev Lauritzen, denies that the negative result has led to any second thoughts, stating that the fund remains committed to the shipping company:

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