ShippingWatch

Lauritzen's offshore venture postpones vessels again

Axis Offshore, in which J. Lauritzen recently sold its stake to the carrier's owner, Lauritzen Fonden, has again postponed delivery of the company's two hotel vessels from Chinese Cosco, according to Axis' latest financial report to the Oslo Stock Exchange.

Photo: Axis Offshore

Singapore-based Axis Offshore, which was established as a joint venture between J. Lauritzen and Norwegian equity fund Hitec Vision back in 2012, has once again postponed the delivery of two new accommodation vessels for the offshore sector, Axis Vega and Axis Nova. According to the company's latest financial report, published via the Oslo Stock Exchange, the deliveries have been pushed back by three months to September 30th 2016 and October 15th 2016, respectively.

Axis Offshore CEO Jesper Kragh Andresen declines to comment further on the postponements when contacted by ShippingWatch, or on whether the contracts could be canceled altogether.

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