SENATOR LINES ANNOUNCES RESTRUCTURING PLAN
Senator Lines, an ocean carrier based in Bremen, Germany, said Tuesday its new management has begun “an in-depth restructuring plan” for the company.
“After an intensive study of the current situation, engagements in certain service lanes are now under review,” said Hans-Hermann Mohr, chief executive officer and co-managing director of Senator Lines.
“The target is to concentrate on profitable businesses only, and to increase activities in those markets where the strength of the specialized carrier will pay off,” he explained.
Furthermore, “the structure of the company is under review, with the target to get leaner and more flexible for the future.”
More details will be forthcoming “as soon as plans develop and legal requirements are settled,” Mohr said.