ShippingWatch

J. Lauritzen simplifies group structure

J. Lauritzen has taken the first steps toward creating a simpler group structure set to minimize administrative work in the shipping company.

Photo: Rederiforeningen

The Board of Directors of J. Lauritzen has initiated preparations to create a simpler group structure for the group’s companies.

Currently, there are a number of subsidiaries under the parent company J. Lauritzen A/S, which will now be merged with the parent company. They include gas company Lauritzen Kosan A/S and the dry cargo division Lauritzen Bulkers A/S, which will, however, continue to be branded under their current names, the group stresses in a news release to the Oslo stock exchange.

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