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Goldenport to acquire container

Goldenport to acquire container
London-listed dry bulk and container vessel owner Goldenport Holdings is acquiring a 19-year-old sub-panamax container vessel from the Zodiac Maritime Agencies fleet.

Goldenport picks up Zodiac boxship

London-listed dry bulk and container vessel owner Goldenport Holdings is acquiring a 19-year-old sub-panamax container vessel from the Zodiac Maritime Agencies fleet.

The company has signed an agreement to purchase the 1991-built Grand Vision, which has a capacity of 2,986 teu, for $6.8m, it said.

?We are pleased to take advantage of current market conditions in the container market and add a secondhand container vessel to our fleet at an attractive acquisition price,? said Goldenport chief executive Paris Dragnis.

He said the move ?strengthens our position in our preferred segment of the container market, thus enhancing the potential returns we can achieve with our container fleet".

The vessel is expected to join the fleet in May, but no details for employment of the ship were immediately given.

Goldenport said it intended initially funding the acquisition out of cash reserves, but was already talking with bankers to secure finance for ?at least half of the vessel's value?.

Grand Vision will become the 11th boxship in the Goldenport fleet, including one 2,500 teu newbuilding on order for 2011.

That follows the exchange of one other container vessel order for a post-panamax dry bulk carrier, which the company announced just last week.

Company executives underlined to Lloyd"s List that the switch to a bulker did not mean Goldenport had lost interest in securing more container vessels.

www.turkishmaritime.com.tr

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