TRANSATLANTIC SECURES LONGER-TERM ASSIGNMENT FOR OFFSHORE VESSEL

Rederi AB Transatlantic, through its 50%-owned company TransViking, has entered into an agreement with the Finnish company Finstaship regarding the chartering out of one of its combined anchor-handling/icebreaking vessels for a six-month period, with the option of a two-month extension. The agreement becomes effective in May 2007.