2001-05-14

Godby Shipping Ab has extended the time charter contracts for the vessels Link Star, Mimer and Midas with UPM-Kymmene Seaways Oy Ltd until the end of 2005. 

The vessels will continue the traffic between Rauma (Finland) and Santander (Spain). The cargoes are paper products and plywood. The annual cargo volume is about 300.000 ton.

In addition to Link Star, Mimer and Midas the group owns the vessels Mistral which is time charterered to Transfennica and Miranda which is time chartered to Finnlines Cargo Services.

For additional information, please contact MD Dan Mikkola, Godby Shipping Ab, phone +358 18 41121 or MD Jukka Hölsä, UPM-Kymmene Seaways, phone +358 204 155 920.

Yours faithfully,

GODBY SHIPPING AB

Dan Mikkola