Transatlantic Aims to Become Baltic Sea Bulk Major
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.