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06 December 2019 The on-line newspaper devoted to the world of transports 21:08 GMT+1



December 28, 1998

Lauritzen expects 300m kroner loss in '98 due to shipping woes

[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 ......
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Vincenzo Miele



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