Tor Viking and Balder Viking released by SMA

Swedish Maritime Administration (SMA) has decided not to extend the charter contracts for AHTS icebreakers Tor Viking and Balder Viking. The vessels have since 1999/2000 been available to SMA every Q1 for icebreaking duties, the vessels will end the contract after Q1 2014 and Q1 2015 respectively. SMA had options thereafter, which will not be utilized.

The prevailing financial terms of the SMA contract entered into in 1998 does not reflect current market rates. In addition it imposed a limitation for Viking Supply Ships to offer the vessels for other charterers. The release now enables the company to offer the vessels for long term contract opportunities world-wide.

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 800 employees and the turnover in 2012 was MSEK 3,274. The Industrial Shipping business area consists of three divisions: Bulk, Container and RoRo. 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 March 13, 2013 at 09.00 a.m.