J. Lauritzen A/S

Who we are J. Lauritzen A/S is a shipping company with worldwide operations headquartered in Copenhagen, Denmark. We operate more than 100 vessels including short-term charters.

We are wholly-owned by Lauritzen Fonden; a commercial foundation with the objective of supporting shipping, culture, social humanitarian work and education. Our owner provides us with the ability to take long-term views in developing our business and a close and continuous dialogue between the Board of Directors and Executive Management, enables rapid decision-making.

The overall aim of J. Lauritzen is to provide our owners with an attractive return on equity reflecting the risk profile as stipulated at any time by the Board.

Our business Part of our strategy is to spread risk across different business areas each with specific business models that enable us to deliver competitive and reliable transportation services to our clients.

Our business portfolio includes Lauritzen Bulkers A/S (dry bulk cargoes) and Lauritzen Kosan A/S (petrochemical and liquefied petroleum gases).

Our organisation We employ a staff of around 500 employees at sea and ashore of many different nationalities. Apart from our office in Copenhagen, we have overseas offices in the Philippines, Singapore, the USA and Dubai.

Corporate governance J. Lauritzen A/S is a private (non-listed) company incorporated in Denmark and is owned by the Lauritzen Foundation. Our business portfolio includes Lauritzen Bulkers A/S (dry bulk cargoes) and Lauritzen Kosan A/S (petrochemical and liquefied petroleum gases).

Our ownership structure provides the ability for rapid decision making and offers the option of preferring long-term views and a degree of patience when developing our business. Our corporate governance efforts are voluntarily guided by the "Recommendations for Corporate Governance" issued by the Danish Committee on Corporate Governance.

Click here to read our Articles of Association.

Meet our management Read more Learn more about our Executive Management for Lauritzen Kosan A/S, Lauritzen Bulkers A/S and J. Lauritzen A/S.

Principles of remuneration The Lauritzen's remuneration principles help us to attract and motivate management and employees. The Principles of Remuneration reflect personal performance and achievements as well as market conditions in comparable companies and cover the Board of Directors, Executive Management and all employees ashore and at sea.

Members of the Board of Directors receive fixed compensation at a level which reflects the scope and character of duties as a Director and is on par with fees in comparable companies. Members of the Audit Committee and the Nomination and Remuneration Committee receive additional fees. No pension contributions are payable on Board member fees and neither are board members covered by incentive programmes. Fees are disclosed in our annual report.

Increasing diversity In J. Lauritzen, we consider diversity as an important and natural prerequisite for innovation and development of the Group. We want to remain an attractive workplace which can attract, recruit and retain the best-qualified employees and continuously develop them in order to utilize their potential in an optimal way.

We aim to create a culture where all employees consistently experience diversity at all levels, including management. In J. Lauritzen, all employees have equal opportunities to make a career, be it as manager or specialist. A key focus is creating a framework which over time allows an approximately gender balance at all management levels to reflect the segregated composition of the group's workforce. Due to the group's relatively small land-based organization worldwide, even minor organizational changes impact significantly on the gender balance at senior management level.

Our recruitment policy focuses on competence and diversity, which long-term is expected to increase diversity in relation to gender and nationality. Our ambition is that the overall gender distribution of the employees will be matched at management level.