Leif Höegh & Co. Sells Four Reefer Vessels

Friday, June 27, 2003
Leif Höegh & Co. ASA (LHC) has sold four "Crystal" class reefer vessels to Reederei F. Laeisz (2 vessels) and Thien & Heyenga GmbH on private terms. The "Crystal" vessels are built in 1992 and have a cargo capacity of 375 000 cbft. Delivery to the new owners will take place during the third quarter. The sale of these last wholly owned reefer vessels is concluded in accordance with the company's strategy to exit the reefer segment. After the sale LHC owns 36% of two reefers.
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