Announcement No. 4, 2013
Counterparty in receivership
STX Pan Ocean Co., Ltd., Korea, has today filed an application for commencement of company reorganisation.
Outlook for 2013
J. Lauritzen has not been informed by STX Pan Ocean Co., Ltd. about the implications for two capesize bulk carriers that Lauritzen Bulkers has on long-term time charter to the company. J. Lauritzen’s net result for 2013 will be impacted by the receivership and the impact may be significant, however, cannot be estimated at this stage.
This message contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of J. Lauritzen, may cause actual developments and actual results to differ materially from expectations contained in the message.
Jan Kastrup-Nielsen, President & CEO. Phone + 45 3396 8200 or +45 2323 8751 Birgit Aagaard-Svendsen, Executive Vice President & CFO. Phone + 45 3396 8410 or + 45 4014 7352