GPRT.L Regulatory News (GPRT)

11 Jul 2007 07:00

Goldenport Holdings Inc11 July 2007 Goldenport Holdings Inc. Athens, 11th July 2007 FORWARD COVERAGE AND TRADING UPDATE Goldenport Holdings Inc. ("Goldenport" or "the Company") announces the update on trading of the fleet as of 10th July 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 periods under charter) is as follows: 2007(1) (2) 2008(1) (2) 2009(1) (2)Total Fleet 99% (88%) 77% (62%) 51% (39%)Containers 100% (100%) 92% (92%) 63% (56%)Bulk Carriers 98% (76%) 56% (25%) 38% (24%) (1) Percentage of available days of the fleet fixed under contract as reported on 11 April 2007 is given in brackets(2) The percentages above do not include the vessel 'Fortune' which is under reconstruction and the two new-building bulk carriers which will be delivered in 2008 TRADING UPDATE Vessel Type Capacity Rate (US$) Charter ExpirationContainers TEU per day Earliest Latest(1) Fortune Post Panamax 5,551 Under reconstructionMSC Finland Sub Panamax 3,032 16,500 Feb-10 Apr-10MSC Scotland Sub Panamax 3,007 20,770 Sep-09 Nov-09Ajama (2) Sub Panamax 2,420 19,000 Mar-08 May-08MSC Socotra Sub Panamax 2,258 8,000 Mar-08 Mar-08 14,350 Mar-13 May-13Howrah Bridge Sub Panamax 2,257 14,180 Jul-09 Sep-09MSC Himalaya Sub Panamax 2,108 12,700 Dec-08 Jan-09Nautic (3) Sub Panamax 1,889 14,200 Jun-12 Aug-12MSC Mekong Handy 962 6,150 Feb-09 Apr-09MSC Emirates Handy 934 7,000 Jan-09 Feb-09Glory D Handy 946 9,600 Feb-09 Apr-09Achim (4) Handy 930 7,100 or Jul-08 Sep-08 7,600 Nov-07 Dec-07Tuas Express Feeder 485 8,900 Dec-07 Dec-08 Dry Bulk DWT Vasos (5) Capesize 152,065 23,950 Feb-11 Aug-12Samos (6) Capesize 136,638 72,000 Aug-07 Aug-07 34,000/32,000 Oct-08 Dec-08Ios Panamax 69,737 12,500 Sep-07 Sep-07 26,000 Apr-09 Jun-09Gianni D Panamax 69,100 26,000 Nov-07 Nov-07Athos (7) Panamax 67,515 16,750 Sep-07 Sep-07 19,300 Mar-10 Aug-10New Building 1(8) Supramax 53,800 18,000 Q3, 2011 Q3, 2011New Building 2 (8) Supramax 53,800 To be delivered in 2008Alex D Handymax 52,315 30,000 Oct-07 Dec-07Limnos Handymax 52,266 31,500 Nov-07 Jan-08Lindos Handymax 52,266 14,500 Jul-09 Nov-09Tilos Handymax 52,266 27,750 Nov-07 Nov-07 (1) Represents last day on which the charter may redeliver the vessel assuming exercise of all additional hire periods under charter(2) To be renamed 'Anafi'(3) To be renamed 'MSC Accra'(4) Charterer's option to be declared on delivery after current dry-docking(5) Charterer has an option to extent for another 12 months after the initial period of 45 to 51 months(6) Samos is on voyage with estimated Time Charter Equivalent of US$72,000. After the completion of the current voyage the vessel will be dry-docked and then will be delivered to the next charter in October 2007. The actual rate will depend on the trade carried out by the vessel.(7) Athos between contracts will undergo dry-docking(8) 50% owned through a joint venture, both vessels to be delivered in 2008(9) Alex D between contracts will undergo dry-docking Assuming latest charter expiration and exercise of all additional hire periods under charter, total revenue for the years 2007, 2008 and 2009 deriving from contracts already fixed is US$ 263 million (US$ 177 million as per 11th April announcement). NOTIFICATION OF INTERIM RESULTS Goldenport Holdings Inc. will be announcing its interim results for the sixmonths ended 30 June 2007 on Tuesday September 11th 2007. - ENDS - For further information, please contact Goldenport Holdings Inc.Christos Varsos, Chief Financial Officer +30 210 8910500John Dragnis, Commercial Director +30 210 8910500 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 thirteen container vessels. Goldenportis listed on the London Stock Exchange under ticker GPRT. This information is provided by RNS The company news service from the London Stock Exchange