GoodBulk Ltd. (GoodBulk) (N-OTC: BULK) an owner and operator of dry bulk vessels announced that yesterday, January 16 2018, it took delivery of the Aquabridge, a 2005 built Capesize vessel of 177,106 dwt built by Namura, JPN.

GoodBulk takes delivery of Capesize bulk carrier Aquabridge
Caption: Bulk carrier Aquabridge (ex Atlantic Bridge) - Image courtesy of Marcel Coster

The purchase, which is the second to deliver of six option Capesize vessels acquired from funds managed by CarVal Investors (CarVal) 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 17,644,083 outstanding common shares. The vessel is currently employed on an index-linked charter until the 3rd quarter of 2018.

Including the Aquabridge, GoodBulk currently has a fleet of 13 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels on the water operating in the spot market, with an additional 9 Capesize vessels expected to be delivered in the 1st quarter of 2018.

Source: GoodBulk