Yours for $1: 58,429 deadweight tonne bulk carrier, one previous owner

Goldenport delists from LSE and agrees to fleet sell-off as it faces debts of over 100m, underlining severe headwinds faced by shipping industry

Goldenport, one of the last shipping companies left on the London Stock Exchange, has delisted from the market and sold off six of its remaining eight vessels for $1 (69p) each.

The giveaway reflects the most dismal shipping conditions in decades, caused by economic slowdown in China combined with an oversupply of vessels due to a building spree during a previous boom.