AS the first auctions of Britannia Bulk ships begin this week the International Transport Workers' Federation ITF has offered to assist shipping companies in financial difficulties. It says it is ready to extend the same offer of help it gave Britannia to any others that are experiencing difficulties. The ITF has pointed to the case as proof that its early involvement can assist in a humane result even where a company cannot be saved.
Two Britannia Bulk vessels, the Adventure II and Challenger II are to be sold on Wednesday at Falmouth, UK.
ITF Maritime Coordinator Stephen Cotton commented: “We reiterate what we’ve said before. We welcome anyone who is experiencing business difficulties asking us to assist where we can. After all, we usually share the same aims, that good companies continue trading and employing seafarers.”
He added: “We can offer help, especially if we’re involved at an early stage. And even if all else fails and the company is unable to continue trading, then we can call on our expertise and resources to make sure that the seafarers who might otherwise face penury and abandonment actually get home.”
Two Britannia Bulk vessels, the Adventure II and Challenger II are to be sold on Wednesday at Falmouth, UK.
ITF Maritime Coordinator Stephen Cotton commented: “We reiterate what we’ve said before. We welcome anyone who is experiencing business difficulties asking us to assist where we can. After all, we usually share the same aims, that good companies continue trading and employing seafarers.”
He added: “We can offer help, especially if we’re involved at an early stage. And even if all else fails and the company is unable to continue trading, then we can call on our expertise and resources to make sure that the seafarers who might otherwise face penury and abandonment actually get home.”