ShippingWatch

Swedish TransAtlantic in black but eyes tough 2015

Swedish Rederi AB TransAtlantic achieved a profit in 2014, boosted by Viking Supply Ships, while TransAtlantic continues to deliver unsatisfactory results. 2015 remains uncertain.

Carrier AB Rederi TransAtlantic (RABT), which consists of Viking Supply Ships and TransAtlantic, achieved positive numbers on the bottom line in 2014, but the company was hit by the low oil price in the fourth quarter and points to continuing uncertain markets during 2015.

The group delivered a profit after taxes of USD 23.5 million in 2014 compared to a deficit of USD 42.3 million in 2013. Net revenue came to USD 365 million for the full year, compared to USD 342 million in the previous year, according to the company's annual report.

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

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs