a s type privately held by the lauritzen foundation industry shipping founded 1884 founders ditlev lauritzen headquarters copenhagen denmark number of locations singapore shanghai the philippines stamford bilbao geneva key people jan kastrup nielsen ceo brands lauritzen bulkers & lauritzen kosan services transportation of dry bulk and gas owners the lauritzen foundation number of employees 1 100 website www.j l.com j. lauritzen jl is a danish shipping company with worldwide operations headquartered in hellerup . jl is a private non listed company wholly owned by the lauritzen foundation a danish commercial foundation that is also the parent of dfds northern europe s largest shipping and logistics company . contents 1 the fleet 1.1 simplification of structure 2 history of j. lauritzen 2.1 founding 2.2 d s vesterhavet 2.3 the world wars 2.4 after the wars 2.5 arctic voyages 2.6 the pool concept 2.7 major acquisitions 3 trade recession problems 4 references 5 other publications 6 external links the fleet edit amine bulker jl controls a fleet of bulk carriers lauritzen bulkers and gas carriers lauritzen kosan engaged in worldwide operations . also jl is part owner of axis offshore pte. ltd. 1 in 2014 jl controlled a fleet of approximately 150 vessels . jl has offices in denmark singapore china usa the philippines spain & switzerland . jl s dry bulk operations started in the late 1970s when the focus was on handysize bulk carriers lakers . today lauritzen bulkers a s is a major owner and operator of bulk carriers . lauritzen bulkers controls a fleet of around 90 handysize handymax and capesize bulk carriers 2 with an average age of six years in 2014 . 3 the handysize operations are the largest business activity and comprises a significant fleet of homogeneous vessels . j. lauritzen entered the market for smaller gas carriers by acquiring kosan tankers in 1989 . 4 today lauritzen kosan is a carrier of liquefied gases including petrochemical gases such as ethylene and propylene . lauritzen kosan controls a combined fleet of about 45 semi refrigerated pressurized and ethylene gas carriers representing about 4 % of the global fleet by count . 5 jl are part owners of axis offshore ltd. in a joint venture with hitecvision . axis offshore is a provider of high specification flotels servicing the offshore oil and gas industry . 1 simplification of structure edit j. lauritzen in july 2014 announced plans to merge j. lauritzen with lauritzen kosan lauritzen bulkers and its other shipowning subsidiaries to reduce administrative complexity and costs . 6 history of j. lauritzen edit founding edit j.lauritzen started as a timberyard in 1884 when lauritz ditlev lauritzen then 24 years old started the company 7 in his father s name j rgen lauritzen . in 1888 j. lauritzen acquired their first ship frederikke sophie which traded timber between ribe and ports in norway . in 1888 the first purchase of the steamship uganda was completed 8 in partnership with s ren meinertz . unfortunately the ship was old and sank only six months after the purchase on december 24 1888 . with the insurance money from the wreck of the uganda j. lauritzen ordered a newbuilding the steamship nords en of 550 metric tons of deadweight which was delivered in may 1891 . in 1893 j. lauritzen took delivery of a third ship the 900 dwt nerma an anagram of ditlev lauritzen s wife s name maren . the same year lauritzen was knighted by the king of denmark as well as appointed french consul . in the years until his death in 1935 lauritzen was mainly referred to as consul lauritzen or just as the consul . 8 d s vesterhavet edit in 1895 consul lauritzen was contacted by m. clausen managing director of vest & s nderjysk kreditforening and captain h. jessen who were both interested in investing in steamships . the steamship company s.s. vesterhavet was founded 8 with the purchase of a second hand ship neptun . lauritzen s two ships nords en and nerma were both sold to vesterhavet . vesterhavet expanded their fleet and by 1914 the fleet consisted of twenty six ships with a total deadweight of 33 328 dwt . the world wars edit during the first world war business flourished and created the basis for expansion of the fleet . vesterhavet contracted for 19 new ships in the period 1914 1916 . after the war in 1918 vesterhavet sold their fleet and closed down business but reentered the shipping industry in march 1919 without a single ship but a lot of cash . at the end of 1924 the fleet had 28 new vessels . besides coal and lumber trade in 1932 j. lauritzen officially entered the fruit trade and rebuilt one of their steamers as a reefer vessel . in 1935 j. lauritzen took delivery of their first reefer african reefer . by 1940 j. lauritzen was owners of eight reefers . oceans a s was established in 1937 as a daughter company to vesterhavet and by 1944 it had taken over all of vesterhavet s fleet . in 1961 vesterhavet became shipowners again with the expedition vessel nella dan until vesterhavet merged with j. lauritzen in 1976 . in april 1940 when the germans occupied denmark oceans a s managed to bring all its ships to neutral harbors whereas vesterhavet lost contact with 24 out of 32 of their vessels . a total of 39 danish ships were interned in american waters . the danish crew on board the ships were unable to sail under danish flag and a committee was established in order to manage the problem . by 1941 most of the j. lauritzen vessels were taken over by the u.s. maritime commission under the ship requisition act 9 transferred to a panamanian flag and returned to trade . the years of the war were hard on the company which ended up losing most of its ships in acts of war . the first one was torpedoed in 1940 . out of a fleet of 47 vessels only 9 were left when the war ended in 1945 . 90 lauritzen seafarers lost their lives and another 50 were lost serving on other vessels under allied control . it was also during the second world war that a new law on ship names was introduced in order to clearly distinguish between vessels which led to the j. lauritzen vessel suffix dan for danmark . after the wars edit in may 1945 j. lauritzen celebrated its 50th anniversary of the foundation of vesterhavet . in order to control the future ownership of the company the two sons ivar lauritzen and knud lauritzen and their sister anna l nberg holm founded the lauritzen foundation 8 with the objective of supporting shipping culture social and humanitarian work and education . 10 between the years 1945 and 1958 j. lauritzen took delivery of 43 ships of which 32 were newbuildings . four reefers became the backbone of the reefer segment during the 1960s . in 1968 the company took delivery of italian reefer from aalborg shipyard which was almost double the size of its existing vessels with capacity of 422 000 cbf . this was followed by another five ships in the years to 1974 . in 1978 the company took delivery of the first vessel built outside of denmark asian reefer built in japan . arctic voyages edit in 1952 the first of the polar vessels kista dan was delivered followed by magga dan 1956 and thala dan 1957 . 8 the ship was specially designed for expeditions in the arctic and the destination for her maiden voyage was greenland . the following season kista dan was chartered to anare australian national antarctic expedition to build a permanent station for australia in the arctic . anare became a regular customer with lauritzen until 1987 when the last polar vessel nella dan 1961 was sunk after she went aground on macquarie island situated between new zealand and antarctica . the ice strengthened vessels were perfect for the finland routes which was active until 1967 . silja dan in 1973 . the pool concept edit around 1970 j. lauritzen adopted the pool system to secure economies of scale through sharing control of a larger number of vessels with other owners . a joint venture with peninsular and oriental steam navigation company ltd. p & o was established in 1971 under the name of lauritzen peninsular reefers lpr . jl and p & o 11 each owned fifty percent of the joint venture but vessels belonging to other reefer owners were also operated by lpr . by 1975 lpr controlled a combined fleet of some 25 reefer vessels . during this period jl s fleet of reefer vessels gradually expanded with bigger ships and in the late 1970s four sister vessels the asian reefer balkan reefer canadian reefer and ecuadorian reefer were delivered each with a hold capacity of 588 000 cbft . and a speed of 22 knots . the partnership existed until 1983 when p & o decided to withdraw . jl became the sole owner of lpr and the company name was changed to lauritzen reefers . after 1983 the lauritzen reefers pool was gradually developed including jl s reefer vessels as well as vessels belonging to other reefer owners . jl contributed the majority of the vessels employed in the pool which in the beginning of the 1990s comprised about 65 specialized reefer vessels . jl lr became a market leader with regards to trade development as well as technological innovation . an example of trend setting technological innovation was the development of the family class reefer vessels delivered from danyard aalborg and frederikshavn shipyards in 1990 91 . a reefer industrial cluster had gradually evolved within the lauritzen group which included construction at danyard of state of the art reefer vessels equipped with advanced cooling machinery produced by sabro refrigeration ownership of reefer vessels by j. lauritzen and commercial management of tonnage by lauritzen reefers pool . over the years lauritzen reefers optimized the economics of voyages by exploiting the flexibility of the reefer ships holds to carry dry cargoes on return voyages . reefers characteristically trade from the southern hemisphere and the ability to carry packaged goods or at a later date containers on the return voyages significantly improves the bottom line . this concept peaked during the years of cooperation with the noboa group with bananas and other fruits as fronthaul cargoes for the us and japan markets and cars as backhaul cargoes from japan to chile peru and ecuador . major acquisitions edit lauritzen reefers pool was terminated in 1996 after which lr was established as a stand alone entity operating tonnage solely owned and time chartered by jl . in december 2000 jl acquired cool carriers from norwegian leif hoegh & co. 12 and subsequently merged lauritzen reefers and cool carriers creating lauritzencool . following this initial strategic move jl became instrumental in the consolidation of the reefer industry . lauritzen reefers and cool carriers combined two of the largest competitors in the industry and led to a competition review by the european commission . 13 furthermore both companies had experience with land based reefer logistics as a supplement to ocean transportation and on that basis lauritzencool logistics lcl was established . in august 2003 a strategic partnership was established between nyk reefers and lauritzencool . this was shortly followed by nyk s acquisition of 50 % of lcl in january 2004 and nyk s subsequent 50 % acquisition of lauritzencool in september 2005 whereby nyklauritzencool was created . 13 finally nyk acquired the remaining 50 % of nyklauritzencool effective 1 june 2007 thereby taking full control of the company . trade recession problems edit the shipping market is an intensely cyclical industry and both demand for bulk shipping and daily hire rates change greatly over time . the baltic