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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