GoodBulk Adds Another CarVal Capesize to Its Fleet

Owner and operator of dry bulkers GoodBulk took delivery of another Capesize vessel, the 2013-built Aquasurfer, on March 1.

Featuring 178,854 dwt, the ship is the sixth of the seven initial Capesizes acquired from funds managed by CarVal Investors in late October 2017.

The Capesize, built by South Korean Sungdong, was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,547,000 new common shares to funds managed by CarVal.

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

Following delivery of the Aquasurfer and the sale of the Aquabeauty, GoodBulk will have a fleet of 19 Capesize vessels, one Panamax vessel, and two Supramax vessels on the water, with an additional two Capesizes expected to be delivered within the beginning of the second quarter of 2018.

Furthermore, the company informed that it completed a fourth closing of the December 20, 2017 rights offering issuing 415,017 common shares for gross proceeds of USD 6.32 million on March 2, 2018.

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