TransAtlantic has acquired shipping company Merilinja’s assets for an undisclosed amount.

Gothenburg, Sweeden-based TransAtlantic expects the deal to increase its competitiveness. The company provides industrial shipping services.

Merilinja is headquartered in Haukipudas, Finalnd.

In another shipping deal, on Oct. 11, International Shipholding Corp. (NYSE: ISH) announced it would buy U.S. United Ocean Services LLC for $111 million.

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