Swedish shipping company AB Transatlantic has entered into an agreement with Ystad-based AtoB@C Shipping AB, which means that Transatlantic will outsource all the commercial activities of its short sea bulk division, starting September1st this year.
Specifically, the agreement means that Transatlantic's dry bulk ships will be outsourced, but that the company will maintain ownership of the fleet. According to a joint statement by the two companies, the agreement enables AtoB@C to achieve economies of scale that will result in a new major Nordic player in Baltic dry bulk shipping. AtoB@C currently has 15 ice class vessels, operating primarily in the Baltic Sea, around the European continent, and in the Mediterranean.
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