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Knutsen OAS Shipping AS has decided to change flag on the shuttle tanker Vigdis Knutsen about 1st of March 2009.
Vigdis Knutsen was delivered i 1993 on a 15-year timecharter to Saga Petroleum (later Norsk Hydro), and has been a long term workplace for 40-50 crew and officers.
After redelivery, the ship has been employed on short-term contracts, and she is presently under contract to Teekay Navion Shuttle Tankers until 1st of May 2009.
Future contracts and operational costs now necessitates a flag change. During earlier flag changes, We have managed to avoid lay-offs by re-organisation and normal retirement, but unfortunately this is not possible in this instance, and Knutsen OAS Shipping AS will now have to lay off 25 crew. This is done in understanding with the Union for Seamen. On the other hand, it is positive that the market generally is in need of this type of competence.
We are of course very sorry for this, but seen in the light of the challenges we are facing in the future, this is a necessary move. |