Search results for: J. Lauritzen

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  • 10 September 2012
    Business & Finance

    The long-term strategy to expand J. Lauritzen’s participation in the high-end offshore accommodation sector has reached a new milestone. Axis Offshore, the newly established joint venture between J. Lauritzen A/S and the leading oil and gas private equity firm HitecVision today announced the ordering of a semi-submersible accommodation vessel which will satisfy the stringent North […]

  • 4 July 2012
    Business & Finance

    J. Lauritzen A/S, one of Denmark’s leading shipping companies, has today formed a 50/50 joint venture with HitecVision, the Norwegian-based leading oil and gas focused private equity investor. The platform of the joint venture will comprise J. Lauritzen’s Accommodation and Support Vessel (ASV) Dan Swift. The vessel was delivered in December 2009 and has since […]

  • 11 May 2016
    Business & Finance

    Danish shipping company J. Lauritzen has completed the sale of its stake in Hafnia Tankers Ltd. as the company decided to abandon the product tanker and offshore service segments during the first quarter of 2016. The company also sold its stake in Axis Offshore Pte. Ltd., which is scheduled to be completed in the third quarter of 2016. The shares owned in […]

  • 4 July 2012
    Business & Finance

    J. Lauritzen A/S, one of Denmark’s leading shipping companies, has today formed a 50/50 joint venture with HitecVision, the Norwegian-based leading oil and gas focused private equity investor. The platform of the joint venture will comprise J. Lauritzen’s Accommodation and Support Vessel (ASV) Dan Swift. The vessel was delivered in December 2009 and has since […]

  • 1 July 2014
    Business & Finance

    Danish J. Lauritzen A/S has initiated preparations to merge J. Lauritzen A/S with  shipowning Danish subsidiaries (including Lauritzen Kosan A/S and Lauritzen Bulkers A/S) with a view to create a simpler group structure and to reduce the administrative burdens. The contemplated intra-group merger is expected to be completed during the second half of 2014, with […]

  • 10 September 2012

    The long-term strategy to expand J. Lauritzen’s participation in the high-end offshore accommodation sector has reached a new milestone. Axis Offshore, the newly established joint venture between J. Lauritzen A/S and the leading oil and gas private equity firm HitecVision today announced the ordering of a semi-submersible accommodation vessel which will satisfy the stringent North […]

  • 11 April 2017
    Business & Finance

    Danish shipping company J. Lauritzen has secured a fresh boost from its core lenders and owner, Lauritzen Fonden, as part of the company’s refinancing package which now amounts to up to USD 80 million. Following cancellation of the tender offer and consent solicitation process with holders of the JLA02 corporate bond issued by J. Lauritzen […]

  • 22 October 2013
    Business & Finance

    J. Lauritzen has concluded an agreement to sell its fleet of ten wholly-owned product tankers to Hafnia Tankers. It is the intention that all vessels will be delivered to the new owner before the end of February 2014. Hafnia Tankers is the company specialized in the segments ranging from 35,000 to 110,000 dwt, by pooling […]

  • 23 February 2018
    Business & Finance

    J. Lauritzen is ready for a market recovery on the back of its refinancing and recapitalization in 2017.

  • 18 May 2018
    Business & Finance

    J. Lauritzen charters additional bulkers as it expects dry cargo market improvements.

  • 18 August 2017
    Business & Finance

    Danish shipping company J. Lauritzen has continued adding vessels to its chartered fleet on the back of a slight improvement in the dry bulk shipping market. The company took six handysize bulk carriers on medium-term time-charter with options to extend, J. Lauritzen said in its first half of 2017 report. As the dry bulk industry showed […]

  • 24 February 2017
    Business & Finance

    Danish shipping company J. Lauritzen Group has agreed upon main terms for a new financing package from banks and its owner, Lauritzen Fonden. With the new financing package, the firm intends to improve the capital structure and ensure the continuing financing in 2017. In addition, J. Lauritzen plans to meet its obligations and comply with loan agreement […]

  • 17 May 2017
    Business & Finance

    Danish shipping company J. Lauritzen widened its net loss in the first quarter of 2017 to USD 12.4 million from a net loss of USD 8.3 million posted in the same period last year. In 1Q 2017, EBITDA before special items amounted to USD -7.4 million against USD -17.2 million recorded in the same period […]

  • 5 June 2019
    Business & Finance

    Controlled fleet stood at 68 bulk carriers in the first quarter of 2019, down from 83 units a year earlier.

  • 15 March 2019
    Business & Finance

    The journey towards Denmark’s first autonomous and green ship starts this March.

  • 7 July 2015
    Business & Finance

    Danish gas and dry bulk shipping specialist J. Lauritzen has confirmed that the charters of two of its Capesize bulk carriers have been cut short by the charterer. The 2011-built Churchill Bulker and Corona Bulker will cease the present charters against compensation payable during 2015-17. The cancelled charters are expected to decrease the company’s EBIDTA by USD […]

  • 7 July 2015
    Business & Finance

    Danish gas and dry bulk shipping specialist J. Lauritzen has confirmed that the charters of two of its Capesize bulk carriers have been cut short by the charterer. The 2011-built Churchill Bulker and Corona Bulker will cease the present charters against compensation payable during 2015-17. The cancelled charters are expected to decrease the company’s EBIDTA by USD […]

  • 17 November 2017
    Business & Finance

    Danish shipping company J. Lauritzen added more vessels to its chartered fleet during the third quarter of 2017, as the dry cargo markets strengthened in the period. The company said that it took three handysize bulk carriers on medium-term time-charter up to two years, with options to extend. Additionally, a smaller pressurized gas carrier was also taken on […]

  • 20 August 2018
    Business & Finance

    J. Lauritzen extends time charters for five bulkers and hires one additional ship.

  • 19 August 2016
    Business & Finance

    Danish shipping company J. Lauritzen has confirmed that it opted to sell two Supramax bulk carrier newbuildings and cancel a part-owned handysize bulk carrier during the second quarter of 2016 as it executed further cash improving initiatives. The company narrowed its quarterly loss to USD 22.4 million for the second quarter of 2016 from a loss of USD 117.6 million reported in the same […]

  • 15 January 2014
    Business & Finance

    J. Lauritzen (JL) has accepted an offer to sell its fleet of three shuttle tankers to Knutsen NYK Offshore Tankers, Norway (KNOT). The deal is subject to buyers’ inspection of the three vessels and to current charterers’ approval of the transfer of ownership of the vessels. It is the intention that the three vessels will […]

  • 25 February 2016
    Business & Finance

    Oslo-listed J. Lauritzen has secured a cash injection of approx. USD 19 million from its sole shareholder Lauritzen Fonden that will be used to strengthen the company’s balance sheet and improve its cash position. The deal also stipulates for a transfer of a number of non-strategic assets and obligations to LF Investment ApS, a wholly-owned by Lauritzen Fonden. The transactions provide J. […]