Meridian Marine Management is to close down after 10 years as in-house manager for Pacific Basin and EPIC.
It follows a decision by the shareholders to reduce their commitment to the ro-ro and ro-pax sectors and place the ships up for sale.
No one at the company was available for comment, however, all Meridian Group staff, including its Managing Director Alastair Evitt, will be made redundant.
It is understood that Meridian will work constructively with any new managers appointed to manage the Pacific Basin and Epic vessels and will ensure that cadets employed by UK tonnage taxed registered owning companies can continue with their training. Every effort will also be made to help its sea staff and specialist office personnel find employment.
A number of the vessels will be transferred out of the company by end of September with the process having been completed by the year end. Meridian it is understood will be continuing in a management role during this period.