22nd Oct 2007 07:01
Goldenport Holdings Inc22 October 2007 Goldenport Holdings Inc. Athens, 22nd October 2007 TRADING UPDATE Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) theinternational shipping company that owns and operates a fleet of dry bulk andcontainer vessels announces the update on trading of the fleet as of 19thOctober 2007. FORWARD COVERAGE The percentage of available days of the fleet already fixed under contracts(assuming latest charter expiration and exercise of all additional hire periodsunder charter) is as follows, as of 19th October: 2007(1) (2) 2008(1) (2) 2009(1) (2)Total Fleet 100% (99%) 89% (78%) 51% (53%)Containers 100% (99%) 93% (87%) 56% (63%)Bulk Carriers 100% (99%) 84% (67%) 46% (42%) (1) Percentage of available days of the fleet fixed under contract as reportedon 11 September 2007 is given in brackets (2) The percentages above do notinclude the vessel 'Fortune' which is under reconstruction, the two new-buildingbulk carriers which will be delivered in 2008 and the proposed acquisitions ofthe six new build vessels (four bulk carriers and two containers) included inthe circular released on 5th October. ESTIMATED REVENUE COVERAGE The estimated total revenue for the years 2007, 2008 and 2009 deriving fromcontracts already fixed is US$ 342 million (US$ 288 million as per 11thSeptember announcement), assuming latest charter expiration and exercise of alladditional hire periods under charter. The calculation excludes the vessel'Fortune' which is under reconstruction, the two new-building bulk carrierswhich will be delivered in 2008 and the proposed acquisitions of the six newbuild vessels (four bulk carriers and two containers) included in the circularreleased on 5th October. FLEET EMPLOYMENT PROFILE Vessel Type Capacity Rate (US$) per Charter day Expiration Earliest Latest (1) Dry Bulk DWT 1 Vasos Capesize 152,065 23,950 Feb-11 Aug-12 2 Samos Capesize 136,638 32,000 Oct-08 Dec-08 3 Ios Panamax 69,737 26,000 Apr-09 Jun-09 4 Gianni D Panamax 69,100 26,000 Oct-07 Oct-07 51,500 Dec-08 Apr-09 5 Athos (2) Panamax 67,515 16,750 Oct-07 Oct-07 19,300 Mar-10 Aug-10 6 New Building 1 Supramax 53,800 18,000 Q3, 2011 Q3, 2011 (3) 7 New Building 2 Supramax 53,800 To be delivered in 2008 (3) 8 Alex D Handymax 52,315 30,000 Jan-08 Jan-08 9 Limnos Handymax 52,266 31,500 Jan-08 Jan-08 50,000 Jan-09 Apr-0910 Lindos (4) Handymax 52,266 14,500 Jul-09 Nov-0911 Tilos Handymax 52,266 27,750 Dec-07 Dec-07 45,000 May-08 Jul-08 Containers TEU 12 Fortune Post 5,551 Under reconstruction Panamax13 Bosporus Bridge Sub 3,720 14,750 Feb-12 Aug-12 (5) Panamax14 MSC Finland Sub 3,032 16,500 Feb-10 Apr-10 Panamax15 MSC Scotland Sub 3,007 20,770 Sep-09 Nov-09 Panamax16 Anafi Sub 2,420 19,000 Mar-08 May-08 Panamax17 MSC Socotra Sub 2,258 8,000 Mar-08 Mar-08 Panamax 14,350 Mar-13 May-1318 Howrah Bridge Sub 2,257 14,180 Jul-09 Sep-09 (4) Panamax19 MSC Himalaya Sub 2,108 12,700 Dec-08 Jan-09 Panamax20 MSC Accra Sub 1,889 14,200 Jun-12 Aug-12 Panamax21 Gitte Handy 976 11,385 Feb-08 Apr-08 12,400 Aug-08 Oct-0822 MOL Brilliant Handy 976 10,280 Jun-08 Aug-0823 MSC Mekong Handy 962 6,150 Feb-09 Apr-0924 MSC Emirates Handy 934 7,000 Jan-09 Feb-0925 Glory D Handy 946 9,600 Feb-09 Apr-0926 Achim Handy 930 7,600 May-08 May-08 8,000 Oct-08 Dec-0827 Tuas Express Feeder 485 8,900 Dec-07 Dec-08 (1) Represents last day on which the charter may redeliver the vesselassuming exercise of all additional hire periods under charter(2) Athos between contracts will undergo dry-docking(3) 50% owned through a joint venture, both vessels to be delivered in2008(4) The vessels will undergo scheduled dry-docking by the end of the year(5) The vessel in December will be in dry-docking - ENDS - For further information, please contact Goldenport Holdings Inc.: Christos Varsos, Chief Financial Officer +30 210 8910500 John Dragnis, Commercial Director +30 210 8910500 Investment Relations Co-ordinators: Global: Capital link Nicolas Bornozis +1 212 661 7566 UK: Smithfield: John Kiely / Will Swan: +44 (0)20 7360 4900 Further Information: Overview of Goldenport Goldenport is an international shipping company that owns and operates a fleetof dry bulk and container vessels that transport cargo worldwide. The fleetconsists of eleven dry bulk carriers and sixteen container vessels (excludingthe proposed acquisition of six new build vessels included in the circular thatwas released on 5th October). Goldenport is listed on the London Stock Exchangeunder ticker GPRT. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GPRT.L