ShippingWatch

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:

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

IKEA stops chartering container vessels

IKEA will no longer lease space on board container ships to have its products brought to shelves across the world, the global furniture group confirms. But the company is trying to avoid congested ports.

Further reading

Related articles

Latest news

See all jobs