Green Reefers is to wind down its business and delist from the Oslo stock exchange in a compelling signal of the chronically troubled state of the reefer market.

Bergen based Green Reefers is to sell its fleet to a business controlled by its chairman Kristian Eidesvik with the company warning that there will likely be no free liquidity when the transactions are completed.

Kristian Eidesvik
An after trading hours statement from Green Reefers appears to imply that all shareholder equity in the company has been lost.

Although