Green Reefers Sells Vessels for $30m
The vessels will be sold to a Norwegian single purpose entity initiated by Platou Finans. Green Reefers will participate in the new owning company with a shareholding of 25%. The vessels will be bareboat chartered back to Green Reefers for periods of 2-8 months.
Throughout 2005 Green Reefers has expanded its fleet with a total of nine vessels, seven of which have been purchased by the company. This has been part of a fleet renewal program involving sale of the oldest units and these vessels being replaced by more modern, efficient and bigger units. The vessels acquired during 2005 have also provided new market opportunities for the company.