Goldenport sells three containerships to Dragnis family company to reduce debt

Goldenport sells three containerships to Dragnis family company to reduce debt

Goldenport Holdings has sold three containerships to Dragnis-controlled Goldenport Containerships Inc. (GCI) in an effort to reduce the company’s outstanding debt.

The company has sold the 1996-built Fortunate, 1992-built Gitte and 1992-built Brilliant with delivery taking place earlier this week, on December 21. The sale increases the cash position of the company by $976,000 and outstanding debt has been reduced by $9.424m

At an EGM last month, Goldenport Holdings proposed the sale of seven vessels to Dragnis family companies GCI and Echo at total at a price of $52.5m. Once both of the sales are completed, Goldenport will use $42.1m for the final settlement of a loan with Royal Bank of Scotland.

Goldenport did not reveal whether the vessels would be chartered back to the company, however the Fortunate has been without employment since September 23.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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