Announcement No. 4, 2014
Sale of counterparty claim
J. Lauritzen (JL) has sold its claim related to the default by STX Pan Ocean involving untimely redelivery of two long-term time-chartered capesize bulk carriers in early 2013. The transaction will have a net effect of approximately USD 30m.
Our expectations for the 2014 result will be included in our interim report for Q1 2014 scheduled to be disclosed on 15 May 2014.