Leif Höegh & Co. ASA (LHC) has sold its 36% shareholding in Lady
Navigation Inc. to Frigo Navigation Ltd.
on private terms. Lady
Navigation Inc. owns the two reefer vessels Lady Racisce and Lady
The "Lady" vessels were built in 2000 and have a capacity of 590 000
cbft. Transfer of the shares in Lady Navigation Inc.
to the new owner
was concluded on 30 June and marks LHC's final exit from the reefer
LHC sold its commercial reefer operation, Cool Carriers, to
J.Lauritzen in 2000. LHC had at the time owning interests in 15
reefers that continued to be commercially operated by LauritzenCool.
All vessels have now been sold, with the last being delivered to new
owners during the third quarter. Thor Jørgen Guttormsen, President of
LHC, says: - We have worked dedicatedly to exit the reefer segment
since the sale of Cool Carriers in 2000 and the somewhat improved
reefer market this year provided the opportunity to complete the
exit. Our strategy is to focus on Ro/Ro and LNG business.