Goldenport is a customer oriented global provider of shipping services that brings added value services to its charterers and provides innovative solutions for cargo movements requirements. The Company operates a well diversified fleet and has been active in acquiring additional tonnage as well as reconfiguring vessels to serve niche trades. Most importantly, as a commitment to its clients Goldenport continuously renews its fleet with the acquisition of younger tonnage.

Goldenport has managed to build strong, reliable relationships with a number of first class charterers and worldwide clients both in the container and dry-bulk fleet sectors. Its performance standards have given the ability to the Company to grow its fleet steadily, and ensure that every new addition is accompanied by long-term employment opportunities in the market. The Company emphasizes both flexibility and reliability in its service while being committed to environmentally sound corporate policies.

After being in business for almost three decades, it has been our primary goal to maintain a highly professional standard in all our business transactions and to ensure that the quality of service is always of the highest standards. In order to achieve this, Goldenport has built a strategy comprising of the following:

• In order to ensure that we provide the best services to our charterers, one of our primary goals is to always have a top-standard and well-maintained fleet comprising of vessels that will satisfy and fulfil only the highest of expectations. Special attention is always given to having the ability to respond to every situation that may arise 24 hours a day, 365 days a year. We provide reliable and effective solutions in co-operation with our vessels' charterers ensuring that cost and time factors are always taken into primary consideration but in any case not jeopardizing aspects such as crew, environmental, and vessel safety.

Goldenport Holdings Inc was admitted in the Official List and started trading on the London Stock Exchange on 5 April 2006 with ticker GPRT. The offer was for £60 million excluding the Over-Allotment option. On 11th April 2006 the Over Allotment option was exercised providing the Company with a total of £ 66 million (or $115.5 million), which was raised in order to partially repay debt and for fleet expansion.

Upon Admission the Company owned and operated 17 vessels consisting of nine dry bulk carriers that had cargo-carrying capacities ranging from 52,266 to 136,638 DWT and eight container vessels that have cargo-carrying capacities ranging from 485 to 2,258 TEU.

Effective 19 June 2006 the stock was included in the FTSE Small Cap and FTSE All-Share Indices of the London Stock Exchange.

For the vessels that were acquired post IPO, please refer to the Fleet Section of this site.

We believe that we possess a number of strengths that provide us with a competitive advantage in the shipping industry:

• we have an experienced management team with a proven track record;
• we maintain high levels of vessel utilisation even in poor market conditions;
• we have long-term, high-quality customer relationships;
• we are an efficient operator of vessels of all ages;
• we operate vessels in two major sectors of the shipping industry;
• we operate a number of sister ships; and
• we have a strong balance sheet.

Our primary objective is to manage our fleet in a manner that allows us to maximise returns for our shareholders across the shipping cycles. To accomplish this objective, we have identified the following strategies, which build upon our existing strengths:

• employment of our vessels in a manner that provides us with stable cash flows;
• effective management of the size and nature of our fleet with a view to expansion of the Group;
• maintenance of exposure to both the dry bulk and container sectors;
• attraction and retention of blue-chip customers;
• execution of a specific and effective vessel acquisition strategy;
• maintenance of efficient operations and a high fleet utilisation;
• capitalisation on our established reputation; and
• maintenance of a strong balance sheet with low leverage, although future acquisitions may be financed partially through debt.