Transatlantic Aims to Become Baltic Sea Bulk Major

MarineLink.com
Sunday, August 25, 2013

Sweden's 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’s strategy is to become a more dominant player in key markets by focusing on the Baltic RoRo and Container segments. Entering into the agreement with AtoB@C fits very well with this strategy and is part of TransAtlantic’s restructuring and repositioning program.

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.

AtoB@C considers it will gain more scale and efficiencies than TransAtlantic and AtoB@C have previously had separately. It effectively creates a Nordic top player in the Baltic short sea bulk market. This has obvious benefits for the customers of both TransAtlantic and AtoB@C.

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: Viking Supply Ships and Industrial Shipping. The Industrial Shipping business area consists of three divisions: Bulk, Container and RoRo.

AtoB@C Shipping is a privately owned shipping- and logistics company with head office in Ystad, Sweden. The fleet currently includes 15 ice-classed vessels, mainly operating in the Baltic Sea, the Continent and the Mediterranean Sea.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Chassis Pools for Port of Long Beach

Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1,

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Bulk Carrier Trends

Golden Ocean, Knightsbridge Set for Merger

Dry bulk shipping companies Golden Ocean Group Limited (GOGL) and the listed dry bulk shipping company in John Fredriksen's business empire Knightsbridge Shipping

Mitsubishi Bags Fourth LPG Carrier Order from Astomos

Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier.     The 83,

ClassNK's Structural Rules for Bulkers & Tankers

The Nippon Kaiji Kyokai (ClassNK) has announced the establishment of its “Common Structural Rules for Bulk Carriers and Oil Tanker” (Rules for the Survey and

 
 
Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1178 sec (8 req/sec)