German container carrier to out-flag entire fleet

German carrier Reederei NSB will out-flag its entire fleet of 38 German-flagged container ships. The move results in the gradual layoff of 486 employees at sea ahead of 2017

Citing the poor economic conditions in the German shipping industry, container carrier Reederei NSB will exit the German flag completely by June 2017, says the carrier in a press release on Wednesday.

This means that 38 container ships will be out-flagged and that 486 German and European seafarers will be gradually laid off ahead of 2017.

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