The name of the listed parent Company was changed from STAR Reefers Inc. to Siem
Shipping Inc. (“Siem Shipping” or the “Company”) at the 2012 Annual General Meeting
(AGM) to reflect a broader interest in an expanded range of shipping opportunities.
Siem Shipping is listed on the Oslo Stock Exchange under the ticker symbol “SSI”.
The Company, operating in the specialised reefer industry as STAR Reefers, is a
leading global owner and operator of refrigerated vessels.
At the end of 2012, STAR
Reefers controlled a fleet of 33 reefer vessels with a total capacity of
18.7 million cubic feet (cbft). The average age of the fleet is 13 years. STAR Reefers’
objective is to satisfy the marine transportation requirements of its customers
in the global perishable produce sector by providing modern tonnage for a high-quality,
flexible and cost-effective service. The Company is focused on the banana segment.