timaru star siem shipping

Siem Shipping Sells the Timaru Star for Scrap

Rob Almeida
Total Views: 1
August 8, 2013

timaru star siem shippingSiem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling.

The sales price was USD $2.0 million. The transaction will have no profit or loss impact in Q3 2013.

The terms of the sale are that the vessel must be recycled according to ISO-standards.

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