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Reefer Market Consolidation<br />
• Merger Lauritzen CoolCarriers (LC) Jan01<br />
• Pool operations Vroon/Sun Group Apr01<br />
• Swan Reefer acquires <strong>Star</strong> <strong>Reefers</strong> Jul 01<br />
• <strong>Star</strong> <strong>Reefers</strong> combination with NYK<br />
forming NYK STAR <strong>Reefers</strong> Aug01<br />
• Seatrade combination with Nissui KK Jun01<br />
• LC combination with Eco and Armada Feb02<br />
Number of reefer players reduced by 7 in 14 months - More to follow
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