Shipowner Goldenport to sell shares
Goldenport Holdings, the London-listed containership and bulk carrier owner, announced a new $35 million share offering June 25 to fund future vessel acquisitions.
The Athens-based company plans to sell nearly 18.5 million new shares at $1.90 each. The new issue represents around a quarter of the current share capital.
The share offering follows a recent $50 million increase in financing, giving the Greek charter shipowner $85 million to buy ships, most likely container vessels.
Goldenport, which listed on the London stock exchange in 2006, is the latest shipping company raising funds to buy vessels following a sharp upturn in the container shipping market in the past six months.
NYSE-listed Diana Shipping this week acquired two new containerships for around $91 million just ten weeks after establishing a fund to invest in box vessels.
Goldenport said the container market has shown "some tangible signs of recovery" since December 2009.
The company swung to a net loss of $1.54 million in 2009 from a year earlier profit of $87.6 million on revenue down 39 percent to $94 million, mainly due to lower charter rates.
Goldenport has 11 container ships, ranging from 976 20-foot equivalent units capacity to 5,551 TEUs, including a newbuidling scheduled for delivery in 2011.
It also has 14 bulk carriers between 48,170 deadweight tons and 152,000 dwt, including six that will join the fleet in 2010 and 2011.
The Athens-based company plans to sell nearly 18.5 million new shares at $1.90 each. The new issue represents around a quarter of the current share capital.
The share offering follows a recent $50 million increase in financing, giving the Greek charter shipowner $85 million to buy ships, most likely container vessels.
Goldenport, which listed on the London stock exchange in 2006, is the latest shipping company raising funds to buy vessels following a sharp upturn in the container shipping market in the past six months.
NYSE-listed Diana Shipping this week acquired two new containerships for around $91 million just ten weeks after establishing a fund to invest in box vessels.
Goldenport said the container market has shown "some tangible signs of recovery" since December 2009.
The company swung to a net loss of $1.54 million in 2009 from a year earlier profit of $87.6 million on revenue down 39 percent to $94 million, mainly due to lower charter rates.
Goldenport has 11 container ships, ranging from 976 20-foot equivalent units capacity to 5,551 TEUs, including a newbuidling scheduled for delivery in 2011.
It also has 14 bulk carriers between 48,170 deadweight tons and 152,000 dwt, including six that will join the fleet in 2010 and 2011.