Exchange of a Container
for a Dry Bulk Contract

Athens, 12 April 2010

Exchange of a Container New-Building for a Bulk Carrier New-Building Contract at No Additional Cost

Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of containers and dry-bulk vessels, annouces that it has agreed with Jiangsu Yangzijiang Shipbuilding Co. Ltd of China, to exchange one of the two vessels on order with the yard, from a geared container vessel with 2,500 TEU nominal capacity to a 93,000 DWT post-panamax bulk carrier, at no additional cost.

Pursuant to this agreement the delivery date for the new-building bulk carrier is scheduled for the second quarter of 2011. The above exchange was agreed at no additional cost to the Company and the already secured bank financing remains in place for both vessels on order to the yard.

Following this exchange, the Company's fleet consists of twenty-three vessels comprised of ten container vessels (including one new-building vessel with delivery scheduled for 2011) and thirteen dry-bulk carriers (including six new-building vessels with deliveries scheduled for 2010 and 2011).

Captain Paris Dragnis, Founder and Chief Executive Officer of Goldenport, commented: "We are particularly pleased with the agreement reached with the yard, which enables us to optimize our revenue and profit generation, by acquiring a large bulk carrier vessel with extended trading flexibility at a time that the dry bulk charter market is showing signs of continuous recovery."

Overview of Goldenport
Goldenport is an international shipping company that owns and operates a fleet of twenty-three container and dry bulk vessels that transport cargo worldwide. The fleet consists of ten container vessels (including one new-build vessel with delivery scheduled for 2011) and thirteen dry bulk carriers (including six new-build vessels with deliveries scheduled for 2010 and 2011). Goldenport is listed on the London Stock Exchange under the ticker GPRT.

Source: Goldenport Holdings Inc