Lauritzen Bulkers is to open a new office in Dubai in August 2019. Lauritzen Bulkers target the Middle Eastern market. Middle East region is an important and growing area for Lauritzen Bulkers. Lauritzen Bulkers will be closer to existing and new customers. CEO Niels Josefsen explained that Lauritzen Bulkers Dubai office is part of the Lauritzen Bulkers’s goal to double its overall short-term trading activity in the Middle East region. Copenhagen headquartered Lauritzen Bulkers already has offices in, Singapore, Stamford USA and Denmark. Lauritzen Bulkers Dubai office will be led by Simon Fast as of 1 August 2019. Previously, Simon Fast was chartering manager at MUR Shipping and Ultrabulk. Besides Simon Fast, Christian Elbaek will be transfered to Dubai office from Copenhagen. In February 2019, Lauritzen Bulkers warned investors that the company is unlikely to return to profitability in 2019. This week Lauritzen Bulkers sold two handysize bulk carriers to Taylor Maritime. Due to weak bulk market, Lauritzen Bulkers reduced its operated bulk carrier fleet by 15 ships.