Dry CargoEurope

Goldenport snaps up Eastern Pacific ultramax

Greek owner Goldenport Shipmanagement has taken over the 2014-built ultramax Devongate from Singapore owner Eastern Pacific Shipping.

Shipbroking houses including Advanced Shipping & Trading and Seasure Shipbroking have reported that Goldenport bought the 61,200 dwt Chinese-built ship for a price of $16.2m. VesselsValue’s valuation on the vessel is $16.37m.

The sale completes Eastern Pacific’s clear out of its ultramax bulker fleet as part of its efforts to focus on the larger bulk segments.

John Dragnis-led Goldenport currently owns a fleet of 18 vessels made up of 13 bulkers and five containerships.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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