Goldenport Sells Thira

Maritime Activity Reports, Inc.

July 22, 2015

Goldenport Sells Container Vessel 'Thira'

Goldenport Sells Container Vessel 'Thira'


Goldenport Holdings Inc.  the international shipping company that owns and operates a fleet of dry bulk and container  vessels, announces today the sale of a container vessel, 'Thira'.
The Company has agreed the sale of the 1997 built container vessel to an unaffiliated third party, "BSL Thira Shipping Limited", for a cash consideration of US$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 net sale proceeds will be applied towards the repayment of debt secured against the vessel and increasing 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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