And the shipowner said another 10 vacant positions would not be filled at its Copenhagen headquarters.
“We are facing challenging market conditions in the coming years,” said CEO Carsten Plougmann Andersen.
“Oil prices have dropped dramatically and exceedingly fast in recent months and our customers, suppliers and competitors are all being forced to adjust to a new reality.”
He added the company has launched a review of potential earnings and costs to safeguard its profitability.
Sister
