GPRT.L Regulatory News (GPRT)

8 Jun 2007 07:01

Goldenport Holdings Inc08 June 2007 Goldenport Holdings Inc. Athens, 8th June 2007 Vessel acquisition Acquisition of One Sub-Panamax Geared Container Vessel Goldenport Holdings Inc. ("Goldenport" or "the Company") announces that it hasagreed to acquire the sub-panamax geared container vessel 'Nautic', with 33,202MT deadweight and nominal intake of 1,889 TEU. The vessel was first delivered in1985 to Hyundai Heavy Industries, South Korea and will be purchased from theunaffiliated third party Emerald Navigation LTD., Marshall Islands for anaggregate purchase price of US$ 12.35 million. The acquisition will be financedby cash reserves of US$ 4.25 million and an agreed loan facility of US$ 8.1million. Upon delivery, 'Nautic' will be immediately employed under an agreedlong-term time-charter with a first class charterer, at a daily rate of US $14,200. Further details on the charter will be announced in the next tradingupdate. Captain Paris Dragnis, Chief Executive Officer of Goldenport, stated: "Thisacquisition strengthens further our position in our preferred segment of thecontainer market. 'Nautic' joins our fleet in a positive market environment which is reflected in the agreed time charter." - ENDS - For further information, please contact Goldenport Holdings Inc. Christos Varsos, Chief Financial Officer +30 210 8910500 John 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 (includingthe vessel mentioned above). Goldenport is listed on the London Stock Exchangeunder ticker GPRT. This information is provided by RNS The company news service from the London Stock Exchange