When J Lauritzen chief executive Jan Kastrup-Nielsen invited Hafnia Management boss Anders Engholm to lunch last August, Italian food was not the only item on the menu.
J Lauritzen was staring down the barrel of a heavy first-half loss for 2013 that was to be revealed two days later, and needed to sell to survive. The wriggle room for Kastrup-Nielsen as he looked at Lauritzen’s strained balance sheet was the sale of its products-tanker fleet.
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