EU and US sanctions on Russia not expected to impact VSS operations and financials in 2014

Four of Viking Supply Ships’ AHTS-vessels, of which three with ice class 1A and one icebreaker, are currently operating offshore Russia in the Kara Sea. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling seasons are expected to commence around May each year. Viking Supply Ships is also contracted for consulting services related to the offshore operations in the Kara Sea for the years 2014 and 2015.

The present EU and US sanctions are not expected to impact Viking Supply Ships’ operations and financials in 2014. It is too early to say whether sanctions will impact the drilling seasons 2015 and onwards.

For further information, please contact:
Christian W. Berg, CEO, Viking Supply Ships, ph. +45 41 77 83 80

   
Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: TransAtlantic and Viking Supply Ships. The company has about 780 employees and the turnover in 2013 was MSEK 2 925. The TransAtlantic business area consists of three divisions: Container, RoRo and Bulk. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment. www.rabt.se

Rederi AB TransAtlantic is obliged to make this information public according to the Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden and lagen om handel med finansiella instrument). The information was submitted for publication on September 23, 2014 at 7:00 p.m.

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