TransAtlantic signs contract for AHT/Icebreaker Balder Viking

TransAtlantic signs contract for AHT/Icebreaker Balder Viking

TransAtlantic has signed a contract with the English company Capricorn
Energy Ltd, for the AHTS/Icebreaker Balder Viking. Capricorn is a wholly
owned subsidiary of the British oil company Cairn Energy UK PLC based in
Edinburgh.

The AHTS/Icebreaker Balder Viking will assist oil drilling west of
Greenland, starting in end of April 2011. The operation extends over a
four month period.

The assignment is for "supply services" for the drilling operation and
will probably also include towing of but not icebreaking as the
operation will take place in open water.

For more information please contact CEO Stefan Eliasson, or
Åke Rohlén Head of Offshore/Icebreaking Business Area, phone +46 304 67
47 00

Rederi AB Transatlantic is a leading Swedish shipping company.
Operations are organized into two businessareas: Offshore/Icebreaking
and Industrial Shipping. Ships fleet consists of 35 vessels, two
anchor-handlingvessels on order to be delivered in 2011/2012 and ships
chartered for shorter periods. The company has about 750 employees. Its
shares are listed on the NASDAQ OMX Stockholm Small Cap segment.