31 Dec 2013 07:00
Goldenport Holdings Inc.
Athens, 31 December 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 1994-built container vessel 'MSC Anafi', to an unaffiliated third party "Gunehr Shipping Limited" of Charlestown, Nevis, for a cash consideration of US$6 million. The vessel's delivery to the new owners has been scheduled to take place on 31 December 2013.
Goldenport expects to realize a book loss of US$3.9 million on the sale, after accounting for brokerage commission and book value.
Goldenport continues to take advantage of the current strong scrap prices and has sold one of its oldest vessels in order to reduce the average age of its fleet and enhance operating and cash flow generating efficiency. The sale proceeds will be applied towards the repayment of US$4.55 million of debt secured against the vessel and increasing the level of corporate liquidity.
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For further information, please contact
Goldenport Holdings Inc.:
John Dragnis, Chief Executive Officer +30 210 8910 500
Alexis Stephanou, Chief Investment Officer and Head of Investor Relations +30 210 8910 542
Investor Relations Coordinators:
Capital Link:
Ioanna Messini - London +44 203 206 1322
Nicolas Bornozis - New York +1 212 661 7566
E-mail: goldenport@capitallink.com
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