Another CarVal Vessel Joins GoodBulk

Owner and operator of dry bulkers GoodBulk took delivery of a 2011-built Capesize vessel,the Aquacarrier, on May 14.

Featuring 175,935 dwt, the Capesize is the final one to deliver out of the six option vessels acquired from funds managed by CarVal Investors in December 2017.

The purchase was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,150,689 new common shares to funds managed by CarVal.

The vessel, built by China’s Jinhai shipyard, is to be employed in the spot market via the Capesize Revenue Sharing Agreement (Capesize RSA) managed by C Transport Maritime SAM (CTM).

Additionally, GoodBulk informed that it completed the fifth, and final, closing of the December 2017 Rights Offering issuing 268,577 shares for gross proceeds of USD 4.09 million in early May.

GoodBulk controls a fleet of 24 dry bulk vessels, including 21 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels, with an additional Capesize vessel expected to be delivered by July 2018.