Sale of m/v Mini Star

1999-02-17

An agreement to sell mv Mini Star to Sweden was signed on the 8th February 1999. The delivery is expected to take place in June - July 1999, most likely in Sweden.

For practical reasons the buyers have requested to keep the present name of the vessel. 

The present time charter agreement with Transfennica will be cancelled at delivery and the vessel will thereafter trade for the Swedish forest industry.

The reason for the sale is the increasing competition in the shipping sector.

The sale will not lead to redundancies. The crew from Mini Star will be transferred to other vessels in the group.

Yours faithfully,

GODBY SHIPPING AB

Dan Mikkola 

Södragatan 13, AX-22100 Mariehamn, Finland

E-mail: info@godbyshipping.fi