J Lauritzen continues to position for a dry cargo market recovery with the Danish owner forecasting a move out of the red for its bulker business in 2019.
Lauritzen today announced a core operating profit of $6.m for the first quarter of 2018, down from $7.4m in the final three months of 2017.
Mads P. Zacho, chief executive of Lauritzen, said: “During the first quarter of 2018, additional bulk carriers were taken on long-term time-charter in anticipation of further dry cargo market improvements.”
