Goldenport Sells Container Vessel ‘MSC Anafi’ (Greece)

Goldenport Holdings Inc. the international shipping company that owns and operates a fleet of container and dry bulk vessels announced 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.

[mappress]

Goldenport, January 2, 2014