US/UK/Canada

Share

Pick a time period -
Tags ( Active)

TransAtlantic starts new container service to Härnösand

TransAtlantic is happy to announce a new port of call in North Sweden by adding port of Härnösand to our TransFeeder North product connecting the Bay of Bothnia and the continent. Härnösand will be an excellent option for export and import volumes to North Sweden and an important step to further strengthen our service offering in the Bay of Bothnia. By adding Härnösand as a container port we are able to offer improved cargo flows and shortened inland carriage for the industry in the area. The vessel will call Härnösand on Mondays and the first call is scheduled to May 4th 2015. The

Viking Supply Ships has entered into a contract with an Oil major for the Ice-classed AHTS “Brage Viking”

Viking Supply Ships has entered into a contract with an Oil major for the charter of “Brage Viking” commencing 1stof April 2015. The duration is for 2 years and 8 months firm, plus options to extend the contract with a total of 18 months. The contract necessitates certain investments in the region of USD 5-7 million, we expect around 4 week’s off hire for the yard stay. The contract value including options is around USD 100 million. The contract reflects the area of operation, the ice-classed ship and the competencies of the Viking team regarding operations in ice. For further

TransAtlantic publishes Annual Report for 2014 at www.rabt.se

The Annual Report for the fiscal year 2014 in Swedish is now available on the company’s website. A printed version of the Annual Report can be sent via mail on request. Investor Relations contactTomas Bergendahl, CFO TransAtlantic: ph +46 31-763 2378 or email: IR@rabt.se 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 800 employees and the turnover in 2014 was MSEK 3,190. The company’

TransAtlantic Year-End Report January – December 2014

Fourth quarter 2014 · Net revenues amounted to SEK 794 M (661) · Result before capital costs, EBITDA, amounted to SEK 260 M (71) · Operational result before tax amounted to SEK 122 M (-24) · Result before tax amounted to SEK 113 M (-185) · Result after tax amounted to SEK 108 M (-203) · Earnings per share after tax amounted to SEK 0.6 (-1.7) January - December 2014 · Net revenues amounted to SEK 3 190 M (2 925) · Result before capital costs, EBITDA, amounted to SEK 695 M (270) · Operational result before tax amounted to SEK 296 M (-137) · Result before

Vessel sale of SBS Cirrus

Viking Supply Ships has, through its wholly owned subsidiary Viking Supply Ships Limited, sold the 1985 built platform supply vessel SBS Cirrus. The transaction is motivated by Viking Supply Ships’ strategy to focus on modern tonnage. The vessel has been delivered to its new owners yesterday, 16 September 2014. The sale of the vessel will have a positive impact of NOK 0.8 million on the third quarter results. After the sale of SBS Cirrus, Viking Supply Ships’ fleet now consists of eight anchor handling tug supply vessels and five platform supply vessels.  For further information,

TransAtlantic Interim Report January – June 2014

Second quarter 2014 · Net revenues amounted to SEK 737 M (787) · Result before capital costs, EBITDA, amounted to SEK 123 M (109) · Operational result before tax amounted to SEK 42 M (-24)¹ · Result before tax amounted to SEK 35 M (-42) · Result after tax amounted to SEK 34 M (-62) · Earnings per share after tax amounted to SEK 0.2 (-0.6) January – June 2014 · Net revenues amounted to SEK 1 466 M (1 511) · Result before capital costs, EBITDA, amounted to SEK 133 M (91) · Operational result before tax amounted to SEK -9 M (-162)¹ · Result before tax

Outcome of TransAtlantic’s rights issue

This press release may not be made public, published or distributed, directly or indirectly, in or into the United States, Australia, Japan, Canada or in any other jurisdiction, where such action is subject in full or in part to legal restrictions.The final statement of outcome in the new share issue in Rederi AB TransAtlantic (“TransAtlantic” or “the Company”) with preferential rights for the Company’s shareholders shows that 28,327,794 shares, corresponding to approximately 95.8 percent of the offered shares were subscribed for by exercise of subscription rights (of which approximately 98.

Kistefos mandatory public offer completed

Kistefos AS (”Kistefos”) announced on 24 March 2014 a mandatory cash offer (the “Offer”) to the shareholders in Rederi AB TransAtlantic (publ) (”TransAtlantic”). The extended acceptance period in the Offer expired on 23 May 2014. At the end of the extended acceptance period, a total of 8,542,361 shares (of which 8,141 A-shares and 8,534,220 B-shares) were submitted in the Offer, corresponding to approximately 5.8 per cent of the shares and 3.7 per cent of the votes in TransAtlantic. Kistefos has also since 3 March 2014, when the rules on mandatory public offers were triggered, acquired

TransAtlantic Interim Report January – March 2014

First quarter 2014 · Net revenues amounted to SEK 729 M (685) · Result before capital costs, EBITDA, amounted to SEK 10M (-18) · Operational result before tax amounted to SEK -51 M (-138) · Result before tax amounted to SEK -108 M (-138) · Result after tax amounted to SEK -112 M (-137) · Earnings per share after tax amounted to SEK -0.8 (-1.2) Major events first quarter · Group consolidated operational profit for the first quarter was SEK -51 M, an improvement compared to last year, however still unsatisfactory. In addition, further provisions for restructuring

Release from the Annual General Meeting of Rederi AB TransAtlantic

At the Annual General Meeting of Rederi AB TransAtlantic (publ) on April 23, 2014, it was resolved, in accordance with the proposal from the Board of Directors and the CEO that no dividend will be paid to the shareholders; instead, all profits at the disposal of the Annual General Meeting will be carried forward.The Group’s and the Parent Company’s income statement for the financial year January 1 –December 31, 2013 and the balance sheet as per December 31, 2013, were adopted. The Board members and the CEO were discharged from liability for the financial year of 2013 (Henning Jensen was

The board of TransAtlantic resolves on terms for the new share issue

This press release may not be made public, published or distributed, directly or indirectly, in or into the United States, Australia, Japan, Canada or in any other jurisdiction, where such action is subject in full or in part to legal restrictions.Summary ·Shareholders in Rederi AB TransAtlantic (publ) (”TransAtlantic” or the ”Company”) will have preferential right to subscribe for one (1) new A-share and B-share respectively, for every five (5) existing A-shares and B-shares respectively ·The Company’s share capital shall be increased by not more than approximately SEK 29.6

TransAtlantic publishes Annual Report for 2013 at www.rabt.se

Year-end report 2013The Annual Report for the fiscal year 2013 is now available on the company’s website. The Company’s auditors have made a specific statement in their audit report which is related to the company’s liquidity situation and non-fulfillment of certain loan conditions (covenants). Conditioned upon that effected and planned viability improvements are progressing as planned, that credit institutions are granting so called waivers for assumed future covenant breaches and further that the planned rights issue are fulfilled, the auditor’s opinion is that there is a possibility

TransAtlantic’s board of directors evaluates the mandatory public offer from Kistefos

Kistefos AS (”Kistefos”) announced on 3 March 2014 that Kistefos purchased additional shares in Rederi AB TransAtlantic (publ) (”TransAtlantic”) which triggered the rules on mandatory public offers. Kistefos has today, 24 March 2014, announced a mandatory cash offer to the shareholders in TransAtlantic (the “Offer”) purchasing all shares in TransAtlantic, irrespective of share class. The B-share in TransAtlantic is listed on NASDAQ OMX Stockholm, Small Cap. According to the offer announcement: · Kistefos offers 5.00 SEK in cash for every share in TransAtlantic, which corresponds to

SUMMONS TO THE ANNUAL GENERAL MEETING

Shareholders of Rederi AB Transatlantic (publ) are hereby invited to the Annual General Meeting on Wednesday, April 23, 2014 at 4 p.m. at Lindholmen Science Park, Lindholmen, Gothenburg. Notification etc.Shareholders who wish to participate in the Annual General Meeting must: be recorded in the share register maintained by Euroclear Sweden AB on Tuesday, April 15, 2014,andnotify the company of their intention to participate in the Annual General Meeting no later than 4 p.m. on Tuesday, April 15, 2014, · at Rederi AB TransAtlantic, c/o Computershare AB, Box 610, SE-182 16

TransAtlantic publishes Year-end report for 2013, proposes a rights issue of about SEK 150 M and discontinues TransPal Line

Year-end report 2013The fourth quarter 2013 has, in line with the year 2013 as a whole, been a period marked by a high activity level in both business areas. Viking Supply Ships entered into a contract with a major oil company for four AHTS vessels for the drilling seasons of 2014 and 2015, with options for 2016 and 2017. Industrial Shipping is facing continued weak market conditions. Despite focus on restructuring and efficiency measures the business area has not been able to counteract the volume decline, resulting in an unsatisfactory financial performance. However, the fourth quarter

Change in number of shares and votes in TransAtlantic

The rights issue recently carried out by Rederi AB TransAtlantic has resulted in the number of shares and votes in the company having increased during December 2013 by 36,967,566 shares (2,423,947 A-shares and 34,543,619 B-shares) and 58,783,089 votes, respectively. As of 30 December 2013, there are in total 147,870,266 shares (9,695,789 A-shares and 138,174,477 B-shares) and 235,132,367 votes in the company. For further information, please contact Tomas Bergendahl, CFO TransAtlantic: ph +46 31-763 2378 or email: IR@rabt.se    Rederi AB TransAtlantic is a leading Swedish

Rederi AB Transatlantic appoints new managing director

The Board of Directors in Rederi AB TransAtlantic has decided to appoint Tom Ruud as new managing director of the company with immediate effect. Tom Ruud replaces Henning Jensen who has requested to the RABT Board of directors that he would like to vacate the position as managing director of RABT. Henning Jensen remains as a board member in Rederi AB Transatlantic. Tom Ruud is a board member of the largest shareholder in Rederi AB TransAtlantic, Kistefos AS since 2010. In February 2014 Tom Ruud will be appointed Group CEO of Kistefos AS. Most recently, Tom Ruud was a member of the

Viking Supply Ships open Canadian Office

Viking Supply Ships (VSS) have opened an office in St. John’s, Newfoundland, Canada. VSS has had several vessels working in Canada over the last few years and the opening of the Canadian office will strengthen the strategic position in the Canadian market. Mr. Gerard Dunphy has been employed as the Managing Director. Mr. Dunphy has been in the Offshore Business for over 20 years in Atlantic Canada, the Canadian Arctic, Alaska, Greenland and the North Sea. He graduated from the University of Plymouth, Msc. International Shipping in 1988 and Memorial University, Marine Institute, Naval

Information to the holders of certificates under Rederi AB TransAtlantic’s Swedish certificate loan

On 5 November the general meeting resolved upon a rights issue amounting to SEK 147,870,264 (based on a subscription ratio where three existing shares entitle to subscription for one new share). The amount is less than is required under the company’s SEK 140,000,000 senior unsecured callable fixed rate certificate loan 2013 (ISIN: SE0005249299) which required a rights issue of no less than SEK 150,000,000. In connection with the rights issue, the company has transferred an amount corresponding to the difference between the expected proceeds of the rights issue and SEK 150,000,000 to a

Release from the Extraordinary General Meeting of Rederi AB TransAtlantic

At the extraordinary general meeting in Rederi AB TransAtlantic (publ) (the “Company”) on 5 November 2013, the following resolutions were adopted: Approval of transfer of shares in the group company Västerviks Logistik och Industri AB The extra general meeting resolved unanimously, in accordance with the Board of Directors’ proposal, to approve that the subsidiary TransAtlantic Short Sea Bulk AB transfers its shares in Västerviks Logistik och Industri AB to Carl Johan Carlstedt, managing director and board member of Västerviks Logistik och Industri AB. Approval of the resolution by

The board of TransAtlantic resolves on terms for the new share issue

This press release may not be made public, published or distributed, directly or indirectly, in or into the United States, Australia, Japan, Canada or in any other jurisdiction, where such action is subject in full or in part to legal restrictions.Summary · Shareholders in Rederi AB TransAtlantic (publ) (”TransAtlantic” or the ”Company”) will have preferential right to subscribe for one (1) new A-share and B-share respectively, for every three (3) existing A-shares and B-shares respectively · The Company’s share capital shall be increased by not more than approximately SEK 37

Interim Report January-September 2013

Third quarter · Net revenues amounted to SEK 753 M (784) · Result before capital costs, EBITDA, amounted to SEK 108 M (112) · Operational result before tax amounted to SEK 49 M (-33) · Result before tax amounted to SEK 44 M (-39) · Result after tax amounted to SEK 43 M (-42) · Earnings per share after tax amounted to SEK 0.4 (-0.4) January-September · Net revenues amounted to SEK 2 264 M ( 2 509) · Result before capital costs, EBITDA, amounted to SEK 199 M (132) · Operational result before tax amounted to SEK -113 M (-287) · Result before tax amounted to

TransAtlantic creates partnership with AtoB@C for its short sea bulk division

Rederi AB TransAtlantic has entered into an agreement with AtoB@C Shipping AB where TransAtlantic effectively outsources all the commercial activities of its Short Sea Bulk division, starting September 1, 2013. Additionally, the agreement sets the terms for the chartering out all of TransAtlantic’s short sea bulk vessels to AtoB@C. TransAtlantic will continue to have ownership of its current short sea bulk fleet and also continue the current charters of short sea bulk vessels. AtoB@C will charter in these ships from TransAtlantic. This partnership enables AtoB@C to gain more scale and

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Media