Goldenport Holdings Inc. the international shipping company that owns and operates a fleet of container and dry bulk vessels announces that it has concluded the sale of the sub-panamax container vessel ‘Grand Vision’, to the unaffiliated third party “Gunehr Shipping Limited” of Charlestown, Nevis, for a cash consideration of US$ 6.2 million. The vessel was delivered to the new owners on 30 December 2011.
Goldenport expects to realize a book profit of US$ 0.4 million, after accounting for brokerage commission, book value and the unamortized balance of dry-docking.
The vessel was initially acquired in 2010 and following successful trade with one of company’s major customers was profitably sold, despite challenging market conditions. This was a cash accretive disposal, strengthening further the company’s balance sheet.
