SSI agrees to the sale of two of its older and smaller vessels
SSI is in the process of selling two of its older and smaller vessels, Chile Star and Uruguay Star, for USD 5 million each. The sale will generate a book loss estimated to be USD1.1 million per vessel, which will be booked in 2014. Chile Star is expected to be delivered to the buyer this week, and Uruguay Star is expected to be delivered to the buyer in early February 2015. The net cash generated from the transaction will increase the Company's working capital.

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