GoodBulk Announces Delivery of Capesize Vessel

Image Courtesy: GoodBulk Ltd.

GoodBulk Ltd. announced that on February 5, it took delivery of the Aquavoyageurs, a 2005 built Capesize vessel of 177,022 dwt built by Namura, JPN.

The purchase, which is the fourth to deliver of six option Capesize vessels acquired from funds managed by CarVal Investors, LLC on December 20, was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 180,542 new common shares to funds managed by CarVal. Following the share issue to CarVal the Company will have 20,958,367 outstanding common shares. The vessel is currently employed on an index-linked charter until the end of the 2nd quarter of 2018.

Upon delivery of the Aquavoyageurs and the sale of the Aquabeauty, GoodBulk will have a fleet of 15 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels on the water, with an additional 6 Capesize vessels expected to be delivered within the beginning of the 2nd quarter of 2018.

Sea News, February 8