Annual report 2011
2/23/2012 9:09 AM EST
"International shipping markets were generally
distressed in 2011, but JL's day-to-day trading
activities fared well and overall JL was able to stay
ahead of the market. However, JL was severely hit by
contract partners' defaults amounting to net USD (60)
m and thus this had a major bearing on our financial
performance", says Torben Janholt, President and
CEO.
Contacts:
Torben Janholt, President & CEO, telephone + 45 33 96
84 00 or
Birgit Aagaard-Svendsen, Executive Vice President &
CFO, telephone + 45 33 96 84 10