Goldenport extended the Greek container ship buying spree, taking advantage of attractive secondhand prices to buy a sub-Panamax vessel from a German KG investment fund.
The company, which is quoted on the London stock exchange, paid Conti Clarissa Schiffahrts Gmbh KG $5.2 million for a 1997-built vessel with a capacity of 2,100 20-foot-equivalent units.
The deal follows the $6.8 million acquisition this week by Costamare, a Greek shipowner listed on the NYSE, of a 2,458-TEU ship, also from a German KG fund. The price was said to be the lowest in several years for this size vessel.
Greek owners are snapping up ships at near record prices as cash-strapped KG funds are forced into fire sales, particularly of vessels facing expensive dry-docking that can’t justified amid tumbling charter rates.
Goldenport, which operates 12 container ships and 12 bulk carriers, said it is financing its latest acquisition by cash reserves, but is in advanced negotiations to secure bank funding for at least half the vessel’s value.
The company is seeking a charter for its new vessel, which it will take delivery of on Aug. 29.
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