Goldenport Holdings is a moderate-sized vessel owner and charterer, reasonably capitalised at 335m though the shares are very tightly held.

For more detailed info on the company, go to www.goldenport.biz

Thanks to the booming economies in F/E and Indian sub-continent, vessel space is at a premium with a subsequent rise in both freight rates and of course the underlying charter rates. These look to be sustainable or better for the next two years, it being to far ahead to predict beyond that.

Don't mortgage the farm, but certainly worth considering for a holding in a balanced portfolio.

ON THE MOVE

another of mine that i had forgotten about .... for the time being i am staying away from shipping stocks, but have every hope of learning more of real trends when i meet with one of my shipping line clients in dubai in a couple of weeks .... shall report in due course

A CYNIC FLOP ON THE HOP