The debt-laden company revealed it would carry out a follow on stock offering to see through the financial restructuring of its struggling Industrial Shipping division.
Shares opened at SEK 6.15 ($0.94) each in Stockholm today but quickly fell to SEK 4.20 before recovering to SEK 4.75 each at the time of writing.
End of the line
TransAtlantic has called time on its loss making TransPal line in a further effort to cut costs and improve profitability.
The
