TransAtlantic’s Board has announced strategic changes in the group’s operations. The decision means preparations are being made for a demerger of the company in its activities Industrial Shipping and Offshore/Icebreaking.
Offshore and icebreaking will be developed under the name Trans Viking and parts of the business will be moved to Copenhagen, where the headquarters will be established. The vessels belonging to this activity are now Swedish-flagged, but will be transferred to a new Danish company, Trans Viking Offshore A/S, to take advantage of the Danish maritime policy, which include a tonnage tax system.
Industrial Shipping will continue under the name of Rederi AB Transatlantic and business will be strengthened by the acquisition of Österströms International AB, a deal which, however, requires approval from the competition authorities. Österström’s owner and president, Percy Österström will head these activities.
As a consequence of the changes in the company, CEO Stefan Eliasson has resigned with immediate effect. He has been replaced temporarily by the president of Viking Supply AS, Rolf Skaarberg. Viking Supply is a wholly owned subsidiary of Kistefos AS, TransAtlantic’s largest shareholder.
Offshore and icebreaking will be developed under the name Trans Viking and parts of the business will be moved to Copenhagen, where the headquarters will be established. The vessels belonging to this activity are now Swedish-flagged, but will be transferred to a new Danish company, Trans Viking Offshore A/S, to take advantage of the Danish maritime policy, which include a tonnage tax system.
Industrial Shipping will continue under the name of Rederi AB Transatlantic and business will be strengthened by the acquisition of Österströms International AB, a deal which, however, requires approval from the competition authorities. Österström’s owner and president, Percy Österström will head these activities.
As a consequence of the changes in the company, CEO Stefan Eliasson has resigned with immediate effect. He has been replaced temporarily by the president of Viking Supply AS, Rolf Skaarberg. Viking Supply is a wholly owned subsidiary of Kistefos AS, TransAtlantic’s largest shareholder.