Profitable Sale of a Bulk Carrier

Goldenport Holdings Inc.

Athens, 27 March 2012

Profitable Sale of a Bulk Carrier

Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of container and dry bulk vessels announces that it has concluded the sale of the 1989-built bulk carrier 'Alex D', to the unaffiliated third party "Sea Charm Shipping Inc" of Monrovia, Liberia, for a cash consideration of US$ 6.7 million. The vessel was delivered to the new owners on 26 March 2012.

Goldenport expects to realize a profit of US$ 3.4 million, after accounting for brokerage commission, book value and the unamortized balance of dry-docking.

The vessel was initially acquired in 1999 for a total consideration of US$8.7 million. Following the completion of the initial renewal program of the bulk carrier fleet with the delivery of the remaining new-buildings in 2011, the Company decided to take advantage of the current strong scrap prices and profitably sell its oldest bulk carrier.

The vessel has traded successfully with the Company for the last thirteen years and upon its sale it materializes a strong profit, evidencing that well timed acquisitions can realize strong profitability even in challenging market conditions.

This is a cash accretive disposal and the net proceeds will be used as equity for a replacement acquisition of a younger bulk carrier.

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Overview of Goldenport

Goldenport is an international shipping company that owns and operates (following the sale mentioned above) a fleet of twenty-five container and dry bulk vessels that transport cargo worldwide. The fleet consists of twelve container vessels and thirteen dry bulk carriers. Goldenport is listed on the London Stock Exchange under the ticker GPRT.

Website: www.goldenportholdings.com or www.goldenport.biz