Long term contract for 4 AHTS vessels

Viking Supply Ships has entered into a contract with a major oil company for the charter of the AHTS-vessels “Loke Viking”, “Magne Viking”, “Brage Viking” and “Balder Viking”. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling season is expected to commence around April / May each year.

The total value of the contract’s firm period including mobilization fee is around MUSD 120.

The contract further adds to the company’s backlog, which now accounts for MNOK 2,845 including charterer’s options, an increase of MNOK 1,675 since 1st of January 2013. With the recent contract the AHTS fleet has an estimated contract coverage including charterer options of 62% for 2014 and 57% for 2015.
    

For further information, please contact:
CEO Viking Supply Ships Christian W. Berg, 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: Industrial Shipping and Viking Supply Ships. The company has about 850 employees and the turnover in 2012 was MSEK 3,274. The Industrial Shipping 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

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 October 28, 2013 at 08.30 am.