J Lauritzen has reported that revenue was down almost $100m at $277m.

Torben Janholt, CEO & president

In the first half of this year, profit was down to $4.65m compared with close to $102m for the same period of 2010.

The company has exposure in four different maritime areas.

In the dry cargo sector, Lauritzen Bulkers struggled in a market hit by weather delays, high commodity prices and the influence of a large number of new buildings flooding the market.

The