Another CarVal Vessel Joins GoodBulk

GoodBulk vesselIllustration; Image Courtesy: 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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >