GoodBulk Ltd. (GoodBulk) (N-OTC: BULK) an owner and operator of dry bulk vessels announced on Friday that on March 19, 2018 it delivered the Aquabeauty to its new owners pursuant to the sale agreement entered into on January 30, 2018.

GoodBulk Ltd. announces delivery of Capesize Vessel to its New Owners and the Acquisition of a Second-Hand Capesize

On March 19, 2018, GoodBulk entered into an agreement to acquire a 2007 built Capesize vessel of approximately 174,000 dwt built by Shanghai Waigaoqiao Shipbuilding, CHN. The vessel is expected to be delivered to the Company in June 2018, and is expected to be funded with cash on hand and availability under existing credit facilities.

Upon completion of the two separate events announced above, GoodBulk will have a fleet of 25 vessels, consisting of 22 Capesize vessels (of which 2 are expected to be delivered within the beginning of the 2nd quarter of 2018), 1 Panamax vessel and 2 Supramax vessels.

Source: GoodBulk