TransAtlantic strengthens its position within Arctic offshore and signs long term contract with Sakhalin Energy
Rederi AB TransAtlantic’s wholly owned subsidiary Trans Viking Icebreaking & Offshore AS (“TVIO”) has agreed to an addendum to the charter party with the Swedish Maritime Administration (“SMA”) which gives TVIO an option to end the contract for Vidar Viking, one of the Company’s three Icebreakers/AHTS-vessels, for the upcoming season in 2012 and for the remaining seasons of the contract. SMA has also agreed to give TVIO the right to cancel the agreement for the option periods from 2015 and onwards for one of the Icebreaking vessels. At the release, TVIO will repay the prepaid charter hire