News

Announcement No. 1, 2012

Feb 23 2012
Topics

Financial report for 2011

J. Lauritzen (JL) severely hit by defaults
“International shipping markets were generally distressed in 2011, but JL’s day-to-day trading activities fared well and overall JL was able to stay ahead of the market. However, JL was severely hit by contract partners’ defaults amounting to net USD (60)m and thus this had a major bearing on our financial performance”, says Torben Janholt, President and CEO.

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