Search results for: Lauritzen Fonden

150 results

A list of search results

  • 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 […]

  • 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 […]

  • 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 […]

  • 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. […]

  • 23 February 2018
    Business & Finance

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

  • 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 […]

  • 15 March 2019
    Business & Finance

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

  • 17 December 2009

    The A.P. Moller – Maersk Group and DFDS have today agreed that DFDS will acquire 100 percent of the shares in ferry and logistics company Norfolkline. The total value of the deal is approximately EUR 346 million (DKK 2,575 million), which includes the A.P. Moller – Maersk Group obtaining 28.8% of the shareholding in DFDS. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 28 February 2019
    Business & Finance

    Teekay LNG Partners has agreed to add its fleet of ethylene gas carriers to the Lauritzen Kosan pool.

  • 11 June 2014

    Lauritzen Bulkers and Namura Shipbuilding Co., Ltd., Japan have signed contracts for building of two bulk carriers at Hakodate Docks on June 10, 2014. The deal consists of two 34,000 dwt eco design handysize bulk carriers due for delivery in 2017. “The newbuilding contract not only confirms our strategy to maintain and develop our solid position in […]

  • 6 May 2011
    Business & Finance

      Lauritzen Offshore has fulfilled the first part of its strategy to become an important partner in the offshore services market with special focus on deep water employment offshore Brazil. Recently Lauritzen Offshore’s unique Accommodation and Support Vessel, Dan Swift, was contracted by Petrobras. Prior to its employment for Petrobras, Dan Swift was employed offshore […]

  • 20 September 2012
    Business & Finance

    J. Lauritzen has appointed Peter Borup President of Lauritzen Bulkers. Peter Borup is 43 years old and comes from Dampskibsselskabet NORDEN where he currently holds the position as Managing Director, Singapore and Group Senior Vice President Norden Asia with responsibility for NORDEN’s activities outside Denmark. Peter Borup had his basic shipping training at A. P. […]

  • 17 November 2014
    Business & Finance

     Dansh shipping company Lauritzen Bulkers has signed its longest contract ever with US-based Green Circle Bio Energy involving transportation of 600,000 tonnes of wood pellets from the US to the UK and the European continent over the next eight years. In 2012, Lauritzen Bulkers signed a similar contract with Green Circle Bio Energy for the […]

  • 17 January 2012
    Business & Finance

    On January 15th 2012, Lauritzen Offshore took delivery of Dan Sabia, the second of two identical purpose-built 59,000 dwt double-hull DP2 shuttletankers from Cosco Nantong shipyard in China. The shuttle tanker newbuilding features state-of-the-art design and dynamic positioning technology, which enables the vessel to automatically maintain position and heading by using its own propellers and […]

  • 18 May 2018
    Business & Finance

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

  • 13 November 2017
    Business & Finance

    Ship management company OSM Maritime Group has been awarded full crew management of Lauritzen Kosan’s entire fleet of liquefied gas tankers. As informed, the agreement covers 26 refrigerated ethylene, semi-refrigerated and pressurized gas carriers. OSM Crew Management in Copenhagen will coordinate activities for Lauritzen Kosan, which is headquartered in the Danish capital. The Manila office […]