“Who Ya Gonna Call…” – The Re-structuring Award

Re-structuring for us signifies something more than just the mere modification of contract terms. It is something far more reaching. Last year, for instance, the award went to Chiquita Brands and a joint venture of Eastwind and NYKLauritzen for the acquisition of the Great White Fleet together with the assumption of all of Chiquita’s transportation requirements. In this win-win transaction, Chiquita out-sourced its transportation requirement to a more efficient low cost provider, booked a gain and used the proceeds to pay down debt, freed up capital and management time and generated cost savings. Eastwind and NYKLauritzen also benefited. Most importantly, as the strategic supplier to a major fruit company, they gain a long-term profitable relationship that will provide further growth opportunities. Their reefer business is now more diversified by the

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