Lauritzen Bulkers has posted a stable result for 2018, but has warned it is unlikely to return to profitability in 2019.
Overall, the J Lauritzen cut its loss from $45.4m in 2017 to $24.3m last year.
Earnings were impacted by a $25m one-off charge for special items, which it said was mainly related to the use of provisions for onerous contracts and the reversal of impairments on vessels.