Lauritzen Bulkers reports ‘exceptional’ 2021 results

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Rederiet J Lauritzen Niels Josefsen CEO Til fri pressebrug ved Fotobyline: Carsten Lundager

In its annual report Lauritzen Bulkers reports that “2021 was an exceptional and unpredictable year”, where it nevertheless succeeded in generating a net result of US $103m, the best result for J. Lauritzen’s dry cargo activities since 2010.

“We further refined our knowledge-based business model and continued our transition towards becoming a short-term trader and operator, primarily in the handysize bulk carrier segment,” says CEO Niels Josefsen (pictured), adding “that we are prepared to grow our activities in the coming years and also make vessel investments when the timing is right.”

Regarding the outlook for 2022, Mr Josefsen says “dry cargo markets are expected to remain strong in 2022, albeit at a more subdued level than in 2021. Continued Covid-19 implications, geopolitical tensions and inflation are main risk factors.

“However, we expect a good positive net result in 2022, based on our committed business for the year. The net result is only to a certain extent sensitive to changes in the dry bulk market rates as approximately 70% of our expected activity in 2022 is currently covered.”

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