Shipping Company Lays-off Seafarers, Re-flags Ships

Press Release
Wednesday, July 25, 2012

Rederi AB TransAtlantic announces cost-cutting plan to turn around last quarter's financial loss

As part of this and in agreement with the Maritime Officers' Association, TransAtlantic is to lay off 25 Swedish seafarers and also reflags four ships to Gibraltar and the Netherlands.

Vessels affected are TransFighter and TransFalcon to Gibraltar and TransPine and TransWood to the Netherlands.

The reflagging is planned to take place during Autumn 2012.

Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: Industrial Shipping and Viking Supply Ships. The company has about 900 employees and the turnover in 2011 was MSEK 2,989.

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People in the News

Conrad Announces Management Team Changes

Conrad Industries, Inc. announced the appointment of Scott J. Theriot as Executive Vice President and Chief Operating Officer.   Johnny Conrad, President and Chief Executive Officer,

Transport Ministers Summit Kicks off in Germany

Key topics of this year’s summit will be centered on transport and climate change as a milestone to the COP 21 climate change conference in December 2015.   The

Asia Dry Bulk-Capesize Rates Mixed on Uncertainty

Capesize rates slide after hitting 5-month high. Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0835 sec (12 req/sec)