The Lauritzen Foundation lost over USD 250 million in 2013

Major losses at shipping company J. Lauritzen affected the results of owner the Lauritzen Foundation, which lost more than USD 250 million in 2013. DFDS, however, contributed a large profit.

BY OLE ANDERSEN

The Lauritzen Foundation, which owns the complete J. Lauritzen and a 44 percent stake in DFDS, suffered a 2013 deficit before taxes of USD 250.2 million, compared to a USD 343 million deficit the year before.

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The Lauritzen Foundation lost over USD 250 million in 2013

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Front page now

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Kristian Siem predicts boom in offshore following a decade of hurt

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Seven Seas: Customers' green ambitions and actions don't align

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

German bank to broker CO2 allowances to shipping customers

Jobs