Independent journal on economy and transport policy
12:57 GMT+1
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TransAtlantic incurs in a advanced loss to the waits and decides to accelerate the cut of the expenses
the program of savings will have full load effect from the next 1° september
May 15, 2012
The shipowning society Scandinavian Rederei AB TransAtlantic has closed the first trimester of this year with a net loss of 132 million Swedish crowns (15 million euros) respect to a net loss of 53 million Swedish crowns in the first three months of 2011. Liabilities of unexpected consistency and the fourteenth quarterly result negative recorded from the Swedish company, that the plan of cost reduction of the division Industrial Shipping has announced today the decision to contrast this trend without delay putting into effect, than take care of transport of bulk (mainly forest and iron and steel), of container and rotabili, announced last month ( on 17 April 2012).
The program of savings, that it will have full load effect from the next 1° september, previews the consolidation of the offices with the widening of the activities to Goteborg and the reduction of the centers to Stockholm and Västerås, the potenziamento of the commercial organization, the reduction of the expenses for the fuel optimizing the employment and the maintenance of the fleet, the adaptation of the ability to the fleet to the current cargo volumes, the reduction of the burdens of the charterings of the property ships not and the cost reduction of the crews.
These measures - the managing director of the division Industrial Shipping di TransAtlantic has explained, Kim Sörensen - "will have an impact on the entire organization. We have main financially solid shareholders, but for us it is necessary to invert this negative tendency and to make all this that we can in order to return to produce a profit".
Sörensen has specified that the program of control of the expenses will allow for this year a cut of the costs pairs to beyond 80 million Norwegian crowns.
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The shipowning society Scandinavian Rederei AB TransAtlantic has closed the first trimester of this year with a net loss of 132 million Swedish crowns (15 million euros) respect to a net loss of 53 million Swedish crowns in the first three months of 2011. Liabilities of unexpected consistency and the fourteenth quarterly result negative recorded from the Swedish company, that the plan of cost reduction of the division Industrial Shipping has announced today the decision to contrast this trend without delay putting into effect, than take care of transport of bulk (mainly forest and iron and steel), of container and rotabili, announced last month 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
