Seafarers Laid Off, Ships Reflagged by Swedish Shipowner

[LEFT]Swedish shipowner TransAtlantic recently announced a cost-cutting plan in order to turn the last quarters’ loss trend. As part of this and in agreement with the Maritime Officers’ Association, TransAtlantic now lays 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.[/LEFT]

The TransFighter was just here a few days ago unloading what looked like giant rolls of paper.