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Sale of a Container Vessel

15th May 2013 07:00

RNS Number : 7098E
Goldenport Holdings Inc
15 May 2013
 



Goldenport Holdings Inc.

Athens, 15 May 2013

 

Sale of a Container Vessel

 

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 1992-built container vessel 'MSC Scotland', to an unaffiliated third party "Joplin Overseas Investments Ltd" of Road Town Tortola, British Virgin Islands, for a cash consideration of US$ 6.5 million. The vessel was delivered to the new owners on 14 May 2013.

 

Goldenport expects to realize a book loss of US$ 1.8 million, net of commissions.

 

The vessel was initially acquired in 2006 for a total consideration of US$14.4 million and has traded successfully with the Company for the last seven years, resulting in a cumulative adjusted Ebitda (excluding non-cash items) of US$21.8 million during that period.

 

Goldenport will utilize the proceeds to increase liquidity. The Company continues to review the market 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
 
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