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| Business activities J. Lauritzen (JL) is a Danish-based shipping company with activities worldwide. JL was founded in 1884 and with more than 120 years of experience in ocean transport JL enjoys a reputation of credibility and trustworthiness in the international shipping community. With dedicated and motivated staff and with solid partnerships in all business areas, JL is in the best position to enter into long term relationships and to offer customers flexible services. JL operates in our four business areas - specialized reefer vessels and reefer logistics (LauritzenCool), transport of LPG (gasses for energy purpose) and petrochemical gasses (Lauritzen Kosan), transport of dry bulk cargoes (Lauritzen Bulkers), and transport of refined oil products (Lauritzen Tankers). Within all business areas JL maintains close contact to the markets. JL is dedicated to meeting customers' specific transport requirements and also has key competencies in ship management, crewing, ship building and risk management.  LauritzenCool has a well recognized brand name among all exporters and importers of fresh fruit and other perishable commodities. LauritzenCool's fleet of modern reefer vessels mainly services the requirements of fruit exporters and importers for specialised, high-volume ocean transport. LauritzenCool Logistics are experts in multi-destination and multi-modal logistics services, providing integrated services to shippers and receivers of perishable foodstuffs. LauritzenCool operates more than 70 specialised reefer vessels in partnership with NYK Reefers. The drivers for demand for specialised reefer vessel services derive from earnings growth, climate, fruit production in growing areas, health and dietary awareness as well as currency fluctuations.  Lauritzen Kosan transports a variety of petrochemical gases, energy gases (LPG) and ammonia. Lauritzen Kosan has a leading position in its market segments in Europe, especially in the Mediterranean and in the Far East, and is working to extend its leadership in all relevant markets. Together with partners in Sigas Kosan and in Exmar Kosan, Lauritzen Kosan controls a fleet of some 50 gas carriers. The drivers for gas carrier demand are global economic and industrial growth with the market influenced by the location and utilisation of refineries and crackers.  Lauritzen Bulkers is an internationally recognised ship owner and vessel operator engaged in the ocean transport of dry bulk cargoes. Lauritzen Bulkers operates a versatile, modern fleet. In a joint venture arrangement with Island View Shipping, Lauritzen Bulkers controls about 50 Handysize bulk carriers and is thus one of the world's leading players in this segment. Lauritzen Bulkers is also engaged in the Handymax and Panamax markets. Lauritzen Bulkers specialises in vessels fitted with grabs, enabling them to undertake their own loading and discharge operations. The drivers for bulk carrier demand are global economic growth, production of capital and durable goods as well as imbalances between resource rich and resource poor regions.  Lauritzen Tankers was established at the beginning of 2004 with the acquisition of product tanker specialist, Quantum Tankers. Fleet build-up is well under way, supported by leading cargo interests and important tonnage suppliers. Product tanker demand is driven by growth in population and industry combined with trends in refining capacity utilization and pricing. |