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.
 
[HUG#1444112]
 
Press release PDF: 
http://hugin.info/135816/R/1444112/387927.pdf
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Rederi AB Transatlantic via Thomson Reuters ONE