Stena Line is currently negotiating with employee unions in relation to a major cost reduction plan aimed at improving the 2015 result by USD 201.2 million. And the ferry operator will have to cut jobs to reach this goal, though nothing has been decided yet, Communications Manager Jesper Waltersson tells ShippingWatch.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Box carriers to see big drop in earnings – are fighting for volume already
The leading container liners are still making a lot of money, but earnings will see a steep decline in Q4, forecasts Alphaliner. Carriers have begun ”fighting for volume,” according to Xeneta.
Costamare reveals more details about new dry cargo operator
With a USD 200m commitment, the shipowner has launched a new dry bulk operating platform with presence in a number of shipping hubs.
Maersk drops blockchain platform
Tradelens, a blockchain platform established by Maersk, is being scrapped by the shipping giant over the next few months due to a lack of support from the industry.
Frontline is confident in prolonged tanker upswing
Tanker operator Frontline’s earnings increased in Q3, and CEO Lars H. Barstad predicts a ”prolonged strong cycle” in the tanker market.
EU is hooked on Russia LNG and paying billions to keep it coming
While the EU has banned imports of Russian coal and is about to launch similar measures for oil, the union’s LNG imports from Russia are increasing, and an embargo is not on the horizon.
Trader 
Project Engineer for the offshore wind industry 
Assistant Controller 
Head of Fuel Concepts 
Head of Sales and Marketing 
Accountant - Creditor and Payment. Nordhavn, Copenhagen 
Crew Manager