Optimistic on further dry cargo market improvements

Tracey Kosan is now sailing under the Danish flag (DIS)

We congratulate our former interns for graduating with a Bachelor’s degree in International Shipping and Trade 

J. Lauritzen CEO Mads P. Zacho advises shipping graduates to "stay curious"

“During the first quarter of 2018, additional bulk carriers were taken on long-term time-charter in anticipation of further dry cargo market improvements..."

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.

This week, Lauritzen Kosan has reflagged two of its ships to Denmark for the first time since 2003.

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, attended a working lunch hosted by the 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.”

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On Wednesday 13 September J. Lauritzen hosted the annual cocktail reception for business friends and associates in Japan