Transatlantic to create new major Baltic ro-ro player

Swedish Transatlantic has signed an agreement with AtoB@C, which means that all short sea bulk activities will be outsourced to the Ystad-based shipping company. Transatlantic wants to establish a significant player in Baltic ro-ro and container transports.

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs