J. Lauritzen in Brief
J. Lauritzen A/S (JL) was founded in 1884 and is one of the oldest Danish shipping companies. JL is domiciled in Copenhagen, Denmark and has overseas offices in Singapore, Tokyo (Japan), Stamford (USA), Shanghai (China), Bilbao (Spain) and Cambridge (UK).
The focus at JL is on continuous development of our various business activities world-wide with constant emphasis on customer service, innovation, safety at sea, and environmental protection.
In 2006, JL reported revenues of USD 457.6 a result of USD 125.6m and a 25.8% return on invested capital. At year-end 2006, JL employed a staff of 708 world-wide.
JL owns and operates bulk carriers, gas carriers, reefer vessels and product tankers. At the end of 2006, JL alone or together with associates controlled a combined fleet of some 175 vessels. A total of 49 newbuildings will be added to the JL fleet over the coming years as owned and time-chartered vessels or vessels committed by partners.
Lauritzen Bulkers
Lauritzen Bulkers is a major operator of bulk carriers engaged in ocean transportation of dry bulk cargoes world-wide.
In partnership with Island View Shipping, Lauritzen Bulkers controls some 55 Handysize bulk carriers, making it a leading player in this segment. Lauritzen Bulkers is also engaged in the Handymax, Panamax and Capesize bulk carrier segments and operates a combined fleet of about 70 vessels.
Lauritzen Bulkers will take delivery of 22 newbuildings between 2007 and 2011 as owned and time-chartered vessels or vessels committed by partners.
Lauritzen Kosan
Lauritzen Kosan has a leading position in the transportation of petrochemical and liquefied petroleum gasses (LPG) with a combined fleet of 36 semi-refrigerated, pressurised and ethylene gas carriers in the 3,000 to 8,000 m3 capacity segment.
Together with Unigas, Lauritzen Kosan operates a combined fleet of 20 pressurised gas carriers predominantly in the Far East in the Unigas venture in Hong Kong.
Lauritzen Kosan will take delivery of 12 newbuildings in the period to 2011 as owned vessels or vessels committed by partners.
Lauritzen Reefers
Lauritzen Reefers controls a fleet of 18 bare-boat and time-chartered specialised reefer vessels. All vessels are commercially operated by NYKLauritzenCool AB, which is jointly owned by JL and NYK Reefers Ltd.
NYKLauritzenCool is a leading reefer operator employing a combined fleet of about 60 specialised reefer vessels world-wide. LauritzenCool Logistics (LCL), a subsidiary of NYKLauritzenCool, offers single entry, one-stop-shop logistics services for shippers of fruit and other perishable commodities.
Lauritzen Tankers
Established in early 2004, Lauritzen Tankers is engaged in ocean transportation of refined oil products with medium range product tankers. The fleet build-up continued during 2006 supported by leading cargo interests and important tonnage suppliers to a total of eight vessels.
Lauritzen Tankers will take delivery of 15 newbuildings between 2007 and 2011 as owned and time-chartered vessels or vessels committed by partners.
Mission, vision and values
The strategic development of JL continues to be guided by our vision “Together, we create a world-class shipping company”. JL’s vision is closely inter linked with our core values of Competence, Respect, Entrepreneurship, Accountability, Team Spirit and Enthusiasm – all vital elements for our ability to create value for clients, partners and owners.
