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Sale of a Bulk Carrier

21st Aug 2013 07:00

RNS Number : 1596M
Goldenport Holdings Inc
21 August 2013
 



Goldenport Holdings Inc.

Athens, 21 August 2013

 

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 1990-built bulk carrier 'Vasos', to an unaffiliated third party "Autumn Harvest Maritime Co." of Monrovia, Liberia, for a cash consideration of US$ 7.3 million. The vessel was delivered to the new owners on 20 August 2013.

 

Goldenport expects to realize a book profit of US$ 0.1 million, after accounting for brokerage commission and the residual book value of the vessel.

 

The vessel was initially acquired in 2006 for a total consideration of US$27.3 million and has traded successfully for the Company over the last seven years.

 

The net sale proceeds after repayment of associated debt will increase the level of corporate liquidity available for accretive vessel acquisitions.

 

 

 

 

 

 - ENDS -

 

 

For further information, please contact

 

Goldenport Holdings Inc.:

 

John Dragnis, Chief Executive Officer +30 210 8910500

Konstantinos Kampanaros, Interim Chief Financial Officer +30 210 8910500

 

Investor Relations Coordinators:

Capital Link:

Ioanna Messini - London +44 203 206 1322

Nicolas Bornozis - New York +1 212 661 7566

 

E-mail: [email protected]

 

Overview of Goldenport

 

Goldenport is an international shipping company that owns and operates a fleet of container and dry bulk vessels that transport cargo worldwide. Goldenport is listed on the London Stock Exchange under the ticker GPRT.

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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