TransAtlantic's icebreaker Tor Viking are called in for icebreaking


The Swedish Maritime Administration SMA has drafted TransAtlantic
icebreaker/AHTS- vessel Tor Viking for icebreaking assignment in the Baltic Sea.
The icebreaker/AHTS vessel  Balder Viking was called in for icebreaking in
December 2010.

During the summer and the autumn, Tor Viking was in service in Alaska and the
homeward voyage went via the Northeast Passage along the coast of Siberia,
during which she set a record for the vessel to sail the Northeast Passage at
the latest point in time in the season and, furthermore, in record time. This
was the second time since A.E. Nordensköld's passage with Vega in 1878-79 that a
Swedish vessel has sailed the Northeast Passage - the last time was Tor Viking
in 2007.

TransAtlantic has a long-term contract with the SMA, which entails that the
vessels must be available during the first quarter of the year as required and
within ten days for icebreaking in the Baltic Sea. In return, Transatlantic
receives an annual basic fee, regardless of whether icebreaking is conducted or
not. If icebreaking is conducted, the fee is increased. The contract expires in
2015, with an option to extend for an additional 15 years.


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 39 vessels, three anchor handling vessels in order to be
delivered 2011, and ships chartered for shorter periods. The company has about
700 employees.  Its shares are listed on the NASDAQ OMX Stockholm Small Cap
segment.


      For further information, please contact CEO Stefan Eliasson, +46 (0)
                                  304 67 47 00

[HUG#1481514]

Attachments

Press release PDF.pdf