Marine Transportation
Rederi Transatlantic AB Updates on Restructuring of Industrial Shipping Division (IS); Closes Some Offices, Reduces Headcount and Aims to Divest Port Facility
Rederi Transatlantic AB announced that the Company's program to restructure its Industrial Shipping Division (IS) is progressing. IS has finalized a migration and subsequent closure of its taxlease structures in the United Kingdom. Additionally, local co-determination negotiations within IS in Sweden aiming to shrink IS’ expense structure by reducing headcount by 30 employees have been finalized. Consequently, the offices in Vasteras and Stockholm, Sweden, will be closed and part of the administration in Hull, England, is planned to be moved to IS’ headquarters in Gothenburg, Sweden. The Company also announced that IS is near completion of a divestment of a port facility. As part of the strategy to strengthen IS’ commercial activities the Company is expanding by creating 19 new positions within the commercial department. This is believed to increase IS’ competitiveness and ability to serve new and existing customers. Moreover, in order to optimize IS’ fleet structure, the Company is in the process of entering into a sales agreement for one of the vessels.
Rederi Transatlantic AB Closes Office in Vasteras and Limits Office Functions in UK; Company Reduces Staff-SIX
SIX reported that Rederi Transatlantic AB has decided to close down its office in Vasteras, Sweden, as well as move a big part of office activities from the United Kingdom (UK) to Gothenburg, Sweden. That will mean reduction in staff - approximately 30 people is expected to be affected by the changes.
Tianjin Marine Shipping Co Ltd to Dissolve Subsidiary
Tianjin Marine Shipping Co Ltd announced that it will dissolve a 99.97%-owned subsidiary, a Tianjin-based declaration company.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$81.00
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Provider: Renaissance Capital
|
$81.00
|
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Provider: Renaissance Capital
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$92.00
|
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Provider: Bohai Securities Co.,Ltd.
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$115.00
|
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Provider: Bohai Securities Co.,Ltd.
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$23.00
|
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