J. Lauritzen

Press releases

23-02-2012

Financial Report 2011

The Board of Directors of J. Lauritzen A/S (JL) has today approved and released the company's Annual report for 2011.

"International shipping markets were generally distressed in 2011, but JL's day-to-day trading activities fared well and overall JL was able to stay ahead of the market. However, JL was severely hit by contractual defaults amounting to net USD (60)m and this had a major bearing on our financial performance", says Torben Janholt, President and CEO.

17-01-2012

Lauritzen Offshore takes delivery of shuttle tanker Dan Sabià

On January 15th 2012, Lauritzen Offshore took delivery of Dan Sabia, the second of two identical purpose-built 59,000 dwt double-hull DP2 shuttle tankers from Cosco Nantong shipyard in China.

17-01-2012

Lauritzen Offshore takes delivery of shuttle tanker Dan Sabià

On January 15th 2012, Lauritzen Offshore took delivery of Dan Sabia, the second of two identical purpose-built 59,000 dwt double-hull DP2 shuttle tankers from Cosco Nantong shipyard in China.

22-09-2011

Laurtizen Offshore increases shuttle tanker operation

Lauritzen Offshore has taken delivery of Dan Cisne, the first of two identical purpose-built 59,000 dwt double-hull DP2 shuttle tankers from Cosco Nantong shipyard in China.

10-08-2011

Half-year result 2011

J. Lauritzen A/S (JL) experienced a challenging start to the year even though a sizeable part of forecast revenues were secured by contracts. The result for the period was slightly better than expected, however strongly impacted by weakening of markets and counterparty defaults.

09-06-2011

New member of the Board of Directors for J. Lauritzen A/S

At an extraordinary general meeting Marianne Wiinholt, Senior Vice President, Corporate Finance, Dong Energy, was elected as a new member of the Board of Directors for J. Lauritzen A/S.

06-05-2011

J. Lauritzen in new Brazilian engagement

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.

17-03-2011

Financial report 2010

The Board of Directors of J. Lauritzen A/S (JL) has today approved and released the company's Annual report for 2010.

"In a year characterized by global macro economic uncertainty and the sustained risk of overcapacity in major shipping markets, JL posted a strong result in 2010", says Torben Janholt, President and CEO.

01-03-2011

Appointments in J. Lauritzen

08-12-2010

Lauritzen Kosan increases Far Eastern presence

Lauritzen Kosan, the gas carrier division of J. Lauritzen A/S, took delivery of Helle Kosan the first in a series of six 3,700 cbm pressurized gas carriers built at Yangzhou Kejin Shipyard in China on November 30th 2010.

30-09-2010

Dan Swift is runner-up for the "Ship of the Year" award 2010

Dan Swift was amongst the finalists at this year's Lloyd's List Global Awards.

09-08-2010

Half-year result 2010

J. Lauritzen reports half-year results for 2010

23-04-2010

J. Lauritzen A/S completes NOK 700 million bond issue

J. Lauritzen A/S has successfully completed a NOK 700 million (approximately USD 117 million) unsecured bond issue with maturity date on 5 May 2015. Disbursement date will be 5 May 2010.

25-03-2010

J. Lauritzen A/S signs loan agreement, benefitting from NEXI export credit insurance.

J. Lauritzen A/S has signed a loan agreement amounting to approximately JPY 15.5 billion with Société Générale Corporate & Investment Bank and The Bank of Tokyo-Mitsubishi UFJ Ltd. backed by Nippon Export and Investment Insurance (NEXI), one of two Japanese export credit agencies.

17-03-2010

Successful year in a difficult market

In a year of severe world economic recession and a sharp decline in maritime transports and freight rates, J. Lauritzen (JL) achieved net results of USD 74.6m in 2009 compared to USD 149.5m in 2008. Results were better than expected and acceptable in light of the difficult trading conditions.

22-06-2009

Extension of top management in J. Lauritzen

Jan Kastrup-Nielsen has been appointed executive vice president and will join the executive management of J. Lauritzen A/S as of 1 July 2009. At the same time Jan Kastrup-Nielsen will take over the responsibility of J. Lauritzen’s tanker operations.

30-04-2009

New president of Lauritzen Bulkers

In connection with the election of Jens Ditlev Lauritzen as new chairman of JL-Fondet he resigns from his position of president of Lauritzen Bulkers A/S and Ejner Bonderup has been appointed new president of the company.

24-03-2009

J. Lauritzen A/S reports satisfactory results for 2008

J. Lauritzen (JL) achieved a net result of USD 154.7m in 2008 compared to the record result of USD 347.1m in 2007. As a consequence of the global economic crisis and that 2009 is expected to be a year with uncertainty and volatile market conditions, write-downs and provisions, measured on an asset by asset basis, totaling USD 208.7m have been included in the result for 2008, without which results would have been at the same level as the 2007 result.

21-11-2008

J. Lauritzen (Japan) K.K. celebrates 25 years anniversary

On Wednesday 19 November J. Lauritzen (Japan) K.K. celebrated its 25 years anniversary at a reception at the Tokyo Kaikan in Tokyo, Japan.

08-07-2008

Lauritzen Bulkers A/S makes further investments in newbuildings

Lauritzen Bulkers A/S continues its expansion strategy with further investments in newbuildings from Japan, Korea and China.

24-06-2008

Lauritzen Kosan signs contract for six newbuildings

Lauritzen Kosan has ordered six 3,700 cbm pressurized gas carriers at Yangzhou Kejin Shipyard Co. Ltd. in China for delivery December 2009 through December 2010.

03-04-2008

J. Lauritzen wins prestigious Lloyd's List award

J. Lauritzen A/S has won the prestigious award for "Ship of the Year" at the Lloyd's List London Awards 2008.

The award was received for the Isabella Kosan, the first of a series of twelve 8,000 cbm ethylene carriers being constructed for the company's gas carrier division, Lauritzen Kosan, at Sekwang Heavy Industries, Korea.

02-04-2008

Lauritzen forms joint venture with Tailwind

Lauritzen Kosan A/S (LK) and Tailwind AS have entered into a 50/50 owned joint venture with focus on Ethylene/LPG carriers.

13-03-2008

J. Lauritzen A/S reports record results for 2007

2007 was a very good year for J. Lauritzen (JL) with the best ever results reported for the Group.

The net result was USD 342 million up from USD 124 million in 2006 and included profits from sale of vessels and other assets of USD 79 million up from 44 million in 2006. The result was better than expected and very satisfactory.

08-11-2007

Lauritzen Kosan increases newbuilding programme

Lauritzen Kosan has ordered two additional 8,000 cbm ethylene gas carriers at Sekwang Heavy Industries Co. in Ulsan Korea for delivery late 2009 and early 2010.

08-10-2007

J. Lauritzen increases newbuilding program in bulk, gas and product tank

Lauritzen Bulkers has signed a newbuilding contract for two additional 180,000 dwt Capesize bulk carriers from Hyundai Heavy Industries in Korea for delivery in 2011.

13-08-2007

1st Half Year Result 2007

J. Lauritzen first half year accounts – best ever full-year result expected for 2007.

02-08-2007

NYK has acquired J. Lauritzen's 50% share in NYKLauritzenCool, to be renamed NYKCool

11-07-2007

J. Lauritzen expands its fleet with China newbuildings

15-06-2007

J. Lauritzen in Bulk expansion

Lauritzen Bulkers has signed a contract with Hyundai Heavy Industries for construction of two 180.000 dwt cape size bulk carriers.

08-06-2007

Pasha Bulker aground off Newcastle, Australia

22-03-2007

J. Lauritzen reports very satisfactory 2006 results

2006 was yet another successful year for J. Lauritzen (JL). The strategic re-engineering of JL’s business portfolio was completed with the sale of the remaining part of the reefer fleet and gas carriers in the segment below 3,000 m3. As a consequence, JL continued the expansion within larger gas carriers and MR product tankers by ordering of newbuildings and purchase of second-hand tonnage.

14-08-2006

1st Half Year Result 2006

JL’s result for the first six months of 2006 was in line with expectations and satisfactory.

22-03-2006

J. Lauritzen reports very satisfactory 2005 results

2005 proved to be the most profitable year in the history of the company. JL's result was USD 209 milliom compared to USD 199 million in 2004. Included in the result was a profit of USD 53 million from sale of vessels (USD 22 million in 2004). Pre-taxprofits amounted to USD 232 million against USD 239 million in 2004.

16-11-2005

Lauritzen expands within the Tankers segment

The article is only available in Danish

Lauritzen øger satsning på tankskibe. Opbygningen af et nyt forretningsområde får nu rederiet J. Lauritzen til at investere i nye tankskibe. Rederiet er samtidig på vej til at tangere sidste års rekordindtjening.

22-08-2005

Cool reefer merger at full speed ahead

NYK Reefers and LauritzenCool merge their reefer activities, read more

11-08-2005

1st Half Year Result 2005

Very satisfactory result

Result before tax for the first half year of 2005 was USD 166.1 million (DKK 923.2 million) up from USD 120.1 million (DKK 701.7 million) in the first half year of 2004. Profit from the sale of vessels contributed USD 35 million to the 38% improvement in the result.

08-06-2005

J. Lauritzen honoured for its metorious contribution to Danish exports

On 8 June 2005, J. Lauritzen A/S received the export award founded by King Frederik 9th.

14-03-2005

Annual Report 2004

Best ever result for J. Lauritzen

10-01-2005

JL and NYK in joint venture

Today, J. Lauritzen A/S and NYK Reefers Limited have entered into a Memorandum of Understanding recording their intention that both companies will create a new joint venture on 50:50 basis.

20-12-2004

Lauritzen in fleet expansion

Lauritzen Kosan, the gas arm of Danish Shipowners J. Lauritzen A/S has signed a newbuilding contract for a series of four semi-pressurised gas carriers with ethylene capacity at INP Heavy Industries in South Korea. The deal includes options for further vessels.

11-08-2004

1st Half Year 2004 Result

Continued improvements in results - JL toward the best result ever

20-04-2004

Lauritzen Kosan expands its fleet

Lauritzen Kosan A/S, together with Exmar has come to an agreement with Far East Shipping of Tokyo to acquire its fleet of small pressurised LPG carriers consisting of one 3,200 cubic metres, eight 3,500 cubic metres and two 5,000 cubic metres.

18-03-2004

Press Release - Annual Report 2003

A satisfactory year and better than forecast

04-02-2004

Danish J. Lauritzen expands and re-enters the product tanker business

In line with its development strategy, J. Lauritzen has decided to re-enter into the product tanker business and has chartered two newbuildings to be delivered from Japanese shipyard in 2006 and 2007, respectively.

14-08-2003

J. Lauritzen A/S - First half year accounts 2003

Positive result - better than expected

The net result for the first half of 2003 was USD 19.7 million (against a loss of USD 2.2 million during the same period 2002. EBITDA (result before depreciation) was USD 32.6 million, an improvement of USD 11.7 million from last year.

• Lauritzen Bulkers towards record earnings in 2003.

• Improved market conditions for LauritzenCool’s specialised reefer vessels as well as Lauritzen Kosan’s gas carriers.

• Termination of the Lauritzen Kosan cooperation with Tsakos Energy Navigation Ltd. (TEN).

24-03-2003

A difficult year for J. Lauritzen

As anticipated, 2002 proved to be a difficult year for J. Lauritzen A/S.

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J. Lauritzen A/S · 28 Sankt Annae Plads · P.O. Box 2147 · DK-1291 Copenhagen K · Denmark · Phone: +45 3396 8000