News

Announcement No. 4, 2012

Aug 14 2012
Topics

Interim financial report for the first half of 2012

Difficult start to the year
“J. Lauritzen A/S (JL) was exposed to a difficult start to 2012. Continued slowing of world economic activity and surplus capacity in key shipping markets dented JL’s result. Additionally, JL was hit by contract partner default with the effect that a capesize bulk carrier was sold. This caused a net loss of USD (39)m, which had a significant negative impact on our result for the first half of 2012”, says Torben Janholt, President and CEO.

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