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2008 October 1   05:52

Transatlantic to sell Atlantic Division

Transatlantic is negotiating with a foreign buyer on a sale of the Atlantic Division. The sale includes the business activities and some of Transatlantic’s owned vessels in the Atlantic service. Transatlantic has currently 12 ships within the Atlantic Division, five of them wholly-owned.
   The sale does not mean less activities for Transatlantic, the company’s new strategy is to concentrate its business activities.
   “We will expand our remaining activities, for example the services on the Baltic Sea with ro-ro, container, and smaller bulk vessels”, says Mathias Wideroth, Executive Vice President of Rederi AB Transatlantic, to SSG.

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