J. Lauritzen cuts exposure to dry bulk amid losses
Danish shipowner J. Lauritzen sees its loss in the first quarter of the year widen mainly because of weakness in the dry bulk market, which resulted in a smaller fleet size. While the market for ethylene and pressurised gas carriers shows a small decline, semi-refrigerated tonnage rises by 35%
The Danish company cut the number of controlled bulkers to 68 in the first quarter of the year from 83 a year earlier
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