A ONE-STOP SERVICE With a radical reorganisation of its business and major acquisitions, Sweden’s TransAtlantic shipping company is now offering customers fully integrated shipping, transportation and logistics services.
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March 2011 the Swedish shipping company Rederi AB TransAtlantic took the decision to restructure into two separate business entities with independent stockmarket listings. For many years the company had been operating in two distinct business areas – Offshore/ Icebreaking and Industrial Shipping – but it now judged that the future development of the group would be best served by spinning it off. A new entity, Trans Viking, has been established with a head office in Copenhagen to develop the Offshore/Icebreaking activities while Rederi AB TransAtlantic continues to develop the Industrial Shipping
operations, focusing in particular on the integration of the Swedish shipping and logistics company Osterstroms, which was acquired by the group in June 2011. Trans Viking is now established as a separate shipping company focused on offshore operations, specifically in the Arctic areas and other areas with difficult weather conditions. The Odin Viking anchor handling tug supply vessel and four newbuildings are to be transferred to the new Danish company Trans Viking Offshore AS while the TransAtlantic group’s three icebreaking anchor handling vessels will remain in the Norwegian company
Trans Viking Icebreaking & Offshore AS. The icebreaking vessels will continue to be available to the Swedish Maritime Administration for icebreaking during the first quarter of the year and will be available for the offshore market for the rest of the year. A listing of the new Trans Viking company is planned on the Oslo stock exchange. TransAtlantic has also boosted its offshore capabilities by acquiring SBS Marine, a British offshore shipping company based in Aberdeen. SBS Marine operates a fleet of modern platform supply vessels (and one older vessel) and integration of the company’s operations into Trans Viking Offshore is well advanced.
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