Green Reefers to Buy Vessel

Green Reefers ASA has agreed to buy the Silver Fjord (ex. "Frio Hamburg") for $10,4 mill. The vessel is 194,000 cu. ft. and built in Denmark in 1997. Delivery will take place in June/July 2006 and the vessel will be renamed Green Tromsø. In June 2005 the company acquired the sistervessel Green Bergen (ex. "Frio Pusan"). The purchase of Green Tromsø is part of a fleet renewal program where the company is selling the smaller and older units and buying modern and larger units.