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Viking Supply Ships A/S Financial Report January-March 2013

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In connection with the distribution of Rederi AB TransAtlantic’s Q1 report 2013, a separate financial report is published on Viking Supply Ships, one of TransAtlantic’s business areas and also a fully owned daughter company. Viking Supply Ships has issued a 5 year senior unsecured bond loan in the Norwegian capital market totaling NOK 300 M. The bond is listed on Oslo ABM.

Major events

  • Total revenue for Q1 2013 was NOK 188 M (180), with an EBITDA of NOK 5 M (10).
  • The average utilization for the AHTS fleet in Q1 was 67% (62%) and 63% (86%) for the PSV fleet.
  • The 15 year contract with the Swedish Maritime Administration for the AHTS icebreakers Tor Viking and Balder Viking was not extended and will end after Q1 2014 and Q1 2015 respectively.
  • During the quarter VSS signed a contract for one of its AHTS icebreaker vessels with a major oil company with commencement in 2014.
  • VSS completed a tap issue of NOK 85 M under the existing bond agreement.

   
The financial report is available in its entirety on www.vikingsupply.com and www.rabt.se.

For further information, please contact:
CEO Viking Supply Ships Christian W. Berg, ph + 45 41 77 83 80
or
CFO Niels J. Kindberg, ph +45 23 74 49 85

   
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 May 15, 2013 at 08.31 a.m.

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