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13 August 2020 The on-line newspaper devoted to the world of transports 13:03 GMT+2

December 28, 1998

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


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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