SSG: Sale of southern star ship

On 20/01/2011, Seagull Shipping Company (HNX: SSG) announces the sale of the southern star ship as follows:

According the 10th General Mandate, Seagull Shipping Company sold the Southern Star Ship at the pricem of USD1,100,000. The sale contract was signed on 12/01/2011 and the buyer has transfered the deposit into the common account. Upon the contract, the Company will deliver the ship to the buyer and complete the contract in late February and early March 2011.

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