Yara is considering different alternatives, including an industrial sale or an initial public offering for its shipping fleet.
The company 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 maximise value creation for our shareholders,’ says Thorleif Enger, CEO of Yara International ASA.
... to continue reading you must be subscribed
