Press releases

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 33 96 80 00