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Goldenport Holdings Sells Vessel For Cash, To Book Gain On Sale

23rd Sep 2013 09:46

LONDON (Alliance News) - Goldenport Holdings Inc. Monday said it had sold its MSC Accra container ship for USD3.6 million in cash and expects to realize a book profit Of USD2 million on the sale, net of commissions.

It originally bought the boat for US$12 million in 2007. The vessel was debt-free and the net sale proceeds will increase the level of corporate liquidity available for accretive vessel acquisitions, the shipping company said in a statement.

By Steve McGrath; [email protected]; @SteveMcGrath1

Copyright 2013 Alliance News Limited. All Rights Reserved.


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