date:May 31, 2013
e time of replacement. The new ships will be more fuel efficient and will be built to Dole's exacting specifications and design, with a 770 FEU capacity (compared to the replaced ships with 491 FEU) and equipped with gantry cranes.
Dole also announced the indefinite suspension of the previously announced share repurchase program for up to $200 million of its outstanding common stock.
At this time we have decided to use our existing funding resources to take advantage of this opportune window i