Goldenport exchanges boxship for bulker
Goldenport Holdings has agreed to exchange one of the two vessels on order with China's Jiangsu Yangzijiang Shipbuilding from a geared containership to a post-panamax bulk carrier.
The delivery date for the newbuilding bulk carrier is scheduled for the second quarter of 2011.
The exchange was agreed at no additional cost and the already secured bank financing remains in place for both vessels on order to the yard.
Founder and chief executive Captain Paris Dragnis said: "We are particularly pleased with the agreement reached with the yard, which enables us to optimise our revenue and profit generation, by acquiring a large bulk carrier vessel with extended trading flexibility at a time that the dry bulk charter market is showing signs of continuous recovery."