Rescheduling of Deliveries at No Additional Cost

Athens, 26th January 2009

Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of container and dry bulk vessels announces that an agreement was reached with COSCO (Zhoushan) Shipyard Co., Ltd, to reschedule the delivery dates of the four new-build 57,000 DWT bulk carriers on order with the yard, at no additional cost.

Pursuant to the rescheduling, the delivery dates for those four vessels will now take place between four and eighteen months after their originally agreed delivery dates in late 2009. Two vessels are now expected to be delivered in the first half 2010 and the other two in the first half of 2011. The existing charter contracts remain valid and will commence upon delivery of the respective vessels.

The above rescheduling was agreed at no additional cost to the Company and the already secured bank financing remains in place. Taking delivery at a later time, when market conditions may have improved, enables Goldenport to optimise its cash flow utilisation during the current challenging market conditions.

Overview of Goldenport

Goldenport is an international shipping company that owns and operates a fleet of thirty-three (including the vessels mentioned above) container and dry bulk vessels that transport cargo worldwide. The fleet consists of eighteen container vessels (including two new-build vessels with deliveries scheduled for 2010 and 2011) and fifteen dry bulk carriers (including eight new-build vessels with deliveries scheduled for 2008, 2009 and 2010). Goldenport is listed on the London Stock Exchange under the ticker GPRT.

Source: Goldenport Holdings Inc