J. Lauritzen improves its cash position by USD 125 million with the sale of the carrier's 10 product tankers to newly established Hafnia Tankers. Of the USD 125 million, J. Lauritzen has opted to invest USD 10 million in Hafnia Tankers, according to a brief from J. Lauritzen to the Oslo Stock Exchange on Tuesday.
The sale of the ten ships brings a slight improvement to J. Lauritzen's net result, but the sale does not affect the shipping company's expectations for its 2013 EBITDA.
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