Independent journal on economy and transport policy
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Lauritzen expects 300m kroner loss in '98 due to shipping woes
(Shipping Times)
December 28, 1998
[COPENHAGEN]
J Lauritzen Holding A/S, a Danish shipping and industrial company, expects a net loss of 300 million kroner (S$78 million) this year on problems in its shipping and shipyard units.
Rederiet J Lauritzen A/S, the company's shipping unit, said it will write off 200 million kroner on the value of its ships because of a freight market which continues ...... Read more on Shipping Times
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