J Lauritzen still regards itself as a long-term investor after making a quick profit on its holding in Norway’s Gram Car Carriers (GCC).
The Danish bulker operator and investment company sold its entire 5.69% stake overnight on Tuesday and into Wednesday morning.
“We are by nature long-term investors, so this was not meant to be a short-term holding,” Lauritzen chief executive Kristian Morch told TradeWinds.
