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NYKLauritzenCool gets timing right for sale.

Europe Intelligence Wire

| February 28, 2007 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Lloyds List)

DANISH shipping group J Lauritzen's link-up with Japan's NYK Reefers two years' ago created a new powerhouse in the specialised refrigerated cargo trades, second only in fleet size to Belgian shipowner Seatrade.

The Copenhagen reefer specialist through its 50:50 joint venture NYKLauritzenCool now operates in a pool of 60 ships of between 378,000-760,000 cu ft.

However, the Danish shipping group has been running down direct ownership of reefer vessels.

Before Christmas the Danish company sold its last reefer, the Isle of Man-flagged Sevillan Reefer(1990-built, 9,867 dwt) to the US reefer operation Eastwind Maritime for …

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