STAR Reefers has this week, sold two of its smaller
and less efficient vessels, the Nelson Star and the
Napier Star, for scrapping. The aggregate proceeds
were USD6.2 million, part of which has been applied to
prepay debt. The transaction will have no profit and
loss impact in 2012.
The transactions were part of the Company's current
programme to sell or scrap its less efficient vessels.
24 February 2012