Lauritzen's bottom line overshadows its well-run gas carrier

J. Lauritzen's gas carrier, Lauritzen Kosan, is the shining light within a heavily ailing shipping group about to publish its third quarter report on Thursday. The large bulk segment is draining capital, and Kosan has a long way to go before it becomes a major player in its own segment.

BY CHRISTIAN BARTELS

It has been five slow years for J. Lauritzen's gas segment Lauritzen Kosan, which recently signed an agreement to time charter two cubic gas carriers with an "obligation to buy" in late 2016.

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Front page now

Panama Canal once again limits the daily number of ships

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

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Royal Arctic Line's chief executive steps down

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Gram Car Carriers lands multi-year contract worth USD 114m

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

Further reading

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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

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs