“During the first quarter of 2018, additional bulk carriers were taken on long-term time-charter in anticipation of further dry cargo market improvements”, says CEO Mads P. Zacho, adding that “earnings for our gas carriers were as expected”.
Ready for market recovery “The refinancing and recapitalisation completed in 2017 strengthened our balance sheet”, says CEO Mads P. Zacho, adding that “we are pleased to note the continued strong loyalty shown by our many existing customers, but also that we succeeded in attracting a growing number of new customers during the year.”
At the annual general meeting of J. Lauritzen A/S in March 2018, Kristian V. Morch, CEO at Odfjell SE, Norway and Barbara Plucnar Jensen, CFO at ISS UK and Ireland will be elected as new members of the Board of Directors of J. Lauritzen.
On 30 November during his official visit to Singapore, the Danish Prime Minister Mr. Lars Loekke Rasmussen along with minister of employment Mr. Troels Lund Poulsen, were hosted to a working lunch by Minister of Trade and Industry S. Iswaran and Minister for Transportation Dr. Lam with main focus on the Maritime Sector, how to cope with Disruption and be prepared for the future.
“Despite continued dry cargo improvements in Q3, a balanced market is still some time away”, says CEO Mads P. Zacho, adding that “our largest gas carriers remained negatively impacted by the continued weak market conditions for the size segments above ours.”
Connecting and maintaining strong relations with business partners is top priority for J. Lauritzen. Thus, in keeping with tradition, Lauritzen Bulkers yesterday hosted the LILLA DAN BROKER EVENT 2017 with our brokers onboard J. Lauritzen’s topsail schooner, Lilla Dan.
After more than 15 years with the Lauritzen Group, of which the last six years as President of Lauritzen Kosan, and since March 2017 also as interim head of our dry bulk activities, Thomas Wøidemann has been promoted to Chief Operating Officer (COO) of J. Lauritzen with effect from 1 July 2017.