Greek box-bulk carrier line looks acquire containerships

ATHENS-based Goldenport Holdings, which own 25 containership and bulkers is planning cellular vessel acquisitions to add to its new-build deliveries of four in 2011 and three this year.

Its confidence in the market is driven by emerging trade with emerging BRIC markets and rebounding intra-Asia trades and localised niche routes as well as Europe-West Africa and intra Americas lines gaining traction, said Goldenport commercial director John Dragnis, who added that the company had US$150 million to $200 million to spend on new ships.

"Do we want to do it at this particular moment? Yes, but very selectively and very, very carefully - most likely I would say in the medium-sized container market," he said.

Despite dry bulk demand remaining steady on the Baltic Exchange, it is expected to soften next year, said Reuters.
(Source:www.schednet.com)