Goldenport sells bulk carrier

Athens, Greece-based Goldenport Holdings Inc. has sold the 69,737-deadweight-ton, 1981-built bulk carrier Ios to East Sunrise Shipping Holding Ltd. of Hong Kong, for $16.8 million.

The vessel was fully depreciated to her scrap value with a net book value of $3.7 million including the unamortized balance of dry-docking costs. Consequently, Goldenport realized a book profit of $12.8 million net of commissions.

The profit from the sale of the fully depreciated vessel Ios will allow us to fund further vessels acquisitions, expanding the economic life of our fleet, said Capt. Paris Dragnis, chief executive officer of Goldenport. 

Source: American Shipper