NYKLauritzenCool to be Renamed NYKCool
J. Lauritzen A/S and NYK Reefers Limited (a wholly subsidiary of NYK Line) announced that NYK Reefers Limited has acquired the 50% shares of NYKLauritzenCool AB previously held by their joint venture partner J. Lauritzen A/S, whereby NYK now controls 100% of the company. Torben Janholt, President and CEO of J. Lauritzen A/S said "Lauritzen has enjoyed a strong partnership with NYK Reefers and a very good cooperation with our Swedish colleagues. As a part of Lauritzenās overall strategy we decided to sell our reefer fleet in 2006 and it is therefore only natural that NYK takes over our 50 % share holding of our joint marketing company.
Chiquita Completes Sale of Ships
Chiquita Brands International, Inc. has completed the previously announced sale of its 12 refrigerated cargo vessels for $227m. The cash proceeds from the transaction are being used to repay approximately $170m of debt, and the remainder will be retained for general corporate purposes, including growth investments or future debt repayments. The ships have been chartered back from an alliance formed by Eastwind Maritime Inc. and NYKLauritzenCool AB. The parties also entered a long-term strategic agreement in which the alliance will serve as Chiquita's preferred supplier in ocean shipping to and from Europe and North America.
Chiquita Sells 12 Ships for $227m
Banana producer Chiquita Brands International will sell 12 refrigerated cargo ships for $227mto an alliance of Eastwind Maritime Inc. and NYKLauritzenCool AB. The deal will allow Chiquita to lease back 11 of the ships for at least 7 years, with an option for 5 more years and the other ship for 3 years with an option for 2 more years. The sale includes eight reefer ships and four container ships. Source: Reuters
āCoolā Reefer Merger is Full Speed Ahead
Commission to merge their reefer activities. owned on a 50/50 basis by NYK Reefers and J. various sizes, in all major reefer trades. year when J. agreement launched in January 2004. companiesā activities match each other as pieces in a jigsaw puzzle. J. Lauritzen and Mr. office. customers as earlier. adjustments as the merger progresses. merged operations up and running at an optimumā, says Jansson. Mr. Jansson affirms. modern treatment facilities such as controlled atmosphere, CA. and to develop new logistics and transport concepts. belief in the future of this business. strength such as NYK LauritzenCool,ā Mr. Jansson concludes.
