Goldenport Sells Oldie

Ship owner and operator Goldenport Holdings Inc. has sold the 1997 built container vessel Thira to an unaffiliated third party, BSL Thira Shipping Limited, for a cash consideration of USD 6.85 million.

The vessel’s delivery is due to take place on 21 July 2015.

 Goldenport expects to realize a book profit of approximately US$2.4 million on the disposal, after accounting for brokerage commission and book value.

The company said it would use the net sale proceeds to repay debt secured against the vessel and increase the level of corporate liquidity.

Goldenport’s estimated net debt as of 30 June 2015 amounted to USD 148.5 million, taking into account USD 9 million of cash and cash equivalents.

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