A large vessel writedown and depressed dry-bulk freight rates could not stop Rederi AB TransAtlantic reporting a much-improved net profit last year.
The diversified Swedish owner was, however, left to rue unfavourable currency movements at home and in the US but is optimistic about the offshore supply market at least.
The fourth quarter saw the company take an SEK 156m ($24.31m) writedown due to “changing market conditions” while in the opening part of the year it was “hit hard” by icy conditions in the Baltic Sea and prolonged strikes at Finnish ports.
It
