Yara evaluates ownership structure for shipping fleet
Dec 22, 2005
Yara is currently evaluating different alternative ownership structures for its ammonia and CO2 fleet. The relevant fleet could consist of up to ten fully or partly-owned vessels in addition to three ships on long time charter contracts. The majority of the vessels are in the midsized and the large gas carrier segment. To support this process, Yara has engaged ABG Sundal Collier and DnB NOR Markets.
"Our shipping fleet has represented an important competitive advantage for Yara for many years. While commercial control remains a core activity for Yara, ownership of shipping capacity is not. We are therefore exploring alternative ownership structures to ensure that we maximize value creation for our shareholders", says Thorleif Enger, CEO of Yara International ASA.
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen-based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen-based chemicals and is the leading supplier of liquid CO2.www.yara.com