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