Carriers

J. Lauritzen to sell ships to obtain liquidity

"There is a fight for survival going on in the industry, where it is hard to imagine improvements for many years to come," says head of dry bulk at J. Lauritzen, Peter Borup, in an interview with ShippingWatch. The carrier plans to sell and lease back several vessels.
Photo: Pressefoto/Carsten Lundager
Photo: Pressefoto/Carsten Lundager
BY TOMAS KRISTIANSEN

"I don't believe that this market will improve for many years to come," says head of dry bulk at J. Lauritzen, Peter Borup, thus confirming the extraordinary crisis currently plaguing the bulk market and which the Danish carrier has been severely impacted by in recent years.

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