TransAtlantic executes vessel transaction

TransAtlantic has divested the RoRo vessel Oak, 12,000 DWT, to foreign buyers. The transaction will result in a capital loss of approximately SEK 5 M, but will have a positive impact of approximately SEK 13 M on the consolidated cash balance. The vessel has been idle since 2009.   

For further information, please contact Acting President Stefan Eliasson or Head of the Industrial Shipping Business Area, Mårten Carlquist at tel: +46 (0)304-67 47 00.

Rederi AB Transatlantic is a leading Swedish shipping company. Operations are organized into two business areas: Offshore/Icebreaking and Industrial Shipping. Ships fleet consists of 38 vessels, three anchor handling vessels in order to be delivered 2010-2011, and ships chartered for shorter periods. The company has about 1 100 employees.  Its shares are listed on the NASDAQ OMX Stockholm Small Cap segment.