Klik venligst

Lauritzen split Bulkers and Kosan

Lauritzen split Bulkers and Kosan

01-07-2020 12:00:00

J. Lauritzen has successfully completed its plan to establish its businesses as independent companies, Lauritzen Kosan A/S and Lauritzen Bulkers A/S. This will give flexibility for the two companies to develop their businesses as announced in conjunction with the publication of J. Lauritzen’s Annual Report for 2019.

As part of this strategy, Lauritzen Kosan and Lauritzen Bulkers have each been refinanced with long term financing from four Nordic core banks. Going forward, Thomas Wøidemann and Niels Josefsen as respective CEOs will report to newly established boards for each company. J. Lauritzen’s current General Counsel Dorte Rolf will become Managing Director of the new holding company to be named J. Lauritzen A/S. As part of the planned changes, current CEO Mads Peter Zacho will leave the Group.

J. Lauritzen CEO Mads P. Zacho says:
“I am pleased that the plan we have worked on since last year has been successfully implemented. We have refinanced the Group in the middle of the corona crisis, which shows the strength of J. Lauritzen’s relationships to our core banks."

Tommy Thomsen, Chairman of J. Lauritzen says:
“As owners of both Lauritzen Kosan and Lauritzen Bulkers we are pleased to see these plans fall into place and we give thanks to Mads Peter Zacho for leading this strategy to completion.

We now have a clear and durable structure, where each of the two businesses can use their strong market presence to compete efficiently and grow in their respective segments.”

Source: J. Lauritzen

Klik venligst

< Front page

Copyright © Maritime Denmark

Breaking News

- Falcon joins Dania Ship Management
- DFDS ensures essential transport to the UK
- Svitzer appoints new global COO
- Svitzer to commence operations in Emden
- Norden seizes tanker market opportunities
- Maersk upgrades expectations for 2020
- Swire Blue Ocean to go public
- Change of guard in DFDS BU Channel
- New actor in the project cargo industry
- Increases sailings on Estonia – Sweden
- Amrit Peter Kalsi new CEO of Clipper Group
- Norden raises full-year expectations

Todays Top 5

This weeks Top 10

- APMT signs contract for new dry bulk facility
- DFDS ensures essential transport to the UK
- Falcon joins Dania Ship Management
- CMP joins CO2 capture project
Klik venligst
Klik venligst
Klik venligst