With the recent events of the COVID-19 pandemic and its disastrous effect on the Company’s operation, the drastic decision to ground the fleet was inevitable. As a direct result the Company could not do otherwise but to make redundancies. This was a very drastic measure taken with the aim of saving the Company.
Meanwhile management is leaving no stone unturned in its efforts to restructure the company in a way that will make it viable to continue to run the remaining operating segments.
The Company will work tirelessly to make up for the losses to ensure long term survival.
Meanwhile the Company is in the process of repatriating all crew members in outstations despite the COVID-19 difficulties. Ceaseless efforts will continue until all are safely back.