Second CarVal Bulker Joins GoodBulk

  • Business & Finance

Bermuda-incorporated owner and operator of dry bulk vessels GoodBulk has taken delivery of Aquamarie, a 2012-built Capesize vessel.

The 178,896 dwt ship, built by Sungdong shipyard in Korea, was handed over to the company on December 19, 2017.

Aquamarie is the second of seven Capesize bulkers acquired from funds managed by CarVal Investors on October 26. The first vessel from the batch, the 2011-built Aquarange, was delivered to the company earlier this month.

It was financed with the issuance of 1,755,460 new common shares and 394,540 treasury shares to CarVal. Following the share issue to CarVal, the company will have 16,728,916 outstanding common shares.

The vessel is expected to be employed in the spot market via the Capesize Revenue Sharing Agreement managed by C Transport Maritime SAM (CTM).

Including the Aquamarie, GoodBulk currently has an on the water fleet of 11 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels operating in the spot market, with an additional 5 Capesize vessels to be delivered between the fourth quarter of 2017 and the first quarter of 2018. The company has an option to acquire an additional 6 Capesize vessels from funds managed by CarVal.

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