Goldenport Holdings took delivery of the new-build geared container vessel with 2,500 TEU capacity from Yangzijiang Shipbuilding on July 25, 2011.
The vessel was named ‘Erato’ and commenced its agreed one year time charter immediately following delivery, at a daily rate of US$15,250. The charterer has the option to extend at the end of the initial time charter for one additional year at a daily rate of US$20,000.
Additionally, on 14 July 2011 it took delivery of the fourth new-build geared bulk carrier vessel with 57,000 DWT capacity from the COSCO (Zhousan) Shipyard Co Ltd., in China. The vessel was named ‘Sofia’ and commenced its initial short-term time charter.
Following the delivery of ‘Erato’ and ‘Sofia’, Goldenport completed the initial new building program that was initiated in 2007. The Company will be able to utilise forward an expanded fleet of 26 vessels with younger age profile compared to the time of the IPO in April 2006.
The pre-agreed time-charter employment for ‘Erato’ and the short term time charter arranged for ‘Sofia’ enables the Company to immediately benefit from accretive revenue and cash flow generation.
Source: goldenport, July 26, 2011;25