Sea Star’s Purchase Appoved

Sea Star Line, LLC (Sea Star) announced that its bid to purchase certain assets of Navieras/NPR, Inc. and of certain related entities was approved by the U.S. Bankruptcy Court for the District of Delaware. The Court also approved the closing date of April 26, 2002. “With this important step we are now moving from the planning phase into the implementation phase,” announced Mike Shea, president, Sea Star.