John Michael Radziwill has assumed majority control of Monaco-based shipowner and operator GoodBulk Ltd (GBLK), a company currently without vessels, following the complete divestment by CarVal Investors. This move significantly increases Radziwill’s influence, raising his stake to 56% as GoodBulk Ltd (GBLK) prepares for a strategic resurgence in the shipping industry. Previously, GoodBulk Ltd (GBLK) was known for its focus on capesize vessels, but it had stepped back from active operations. The transaction saw US-based CarVal Investors, through managed funds, sell their entire 54.1% holding, which amounted to 14.65 million shares, to John Michael Radziwill’s company, Bretta Navigation Corp. This development was officially reported in a filing with the Oslo OTC (Over-the-Counter) Exchange. With this acquisition, John Michael Radziwill now controls the majority of GoodBulk Ltd (GBLK), which serves as the publicly traded division of the C Transport Maritime (CTM) Group. This shift in ownership marks a pivotal chapter for GoodBulk Ltd (GBLK) as it aims to reestablish its presence and operations within the maritime sector. 15-April-2024
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) has now divested itself of vessel ownership. Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) has consummated the sale of its entire fleet, an expedited endeavor which witnessed vessels bearing the Aqua prefix pervading broking S&P (Sale and Purchase) chronicles throughout the year. Unveiling GoodBulk Ltd’s (GBLK) Q2 2023 outcomes, Monaco-based shipowner and operator GoodBulk Ltd (GBLK) articulated the “apotheosis of its inaugural investment epoch,” an era which spanned just under seven sun cycles, culminating with the relinquishment of its residual bulk carriers. “Q2 2022 heralded the most robust asset milieu for secondhand capesize commodities since 2014, and even more so for panamax and supramax assets,” GoodBulk Ltd (GBLK) delineated in its quarterly communique. Subsequent to this zenith, John Michael Radziwill-led GoodBulk Ltd (GBLK) embarked on its bulk carrier divestiture. Throughout 2022, Monaco-based shipowner and operator GoodBulk Ltd (GBLK) auctioned off 11 vessels, bequeathing nine (9) to their new shipowners and in 2023, GoodBulk Ltd (GBLK) auctioned a dozen bulk carriers and transferred ownership of 14 bulk carriers. Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) aspires to retain its footprint within the dry bulk domain, envisioning forthcoming ventures on the horizon. Beyond Monaco-based shipowner and operator GoodBulk Ltd (GBLK), ohn Michael Radziwill’s dominion extends to privately owned C Transport Maritime (CTM). 14-September-2023
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) finalizes disposal of capesize fleet with latest transactions to Greek shipowners. Through the divestment of GoodBulk Ltd’s (GBLK) legacy bulk carriers, Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) appears poised to embark on a new chapter. GoodBulk Ltd’s (GBLK) extensive campaign to sell the company’s capesize bulk carriers is nearing completion. It is understood that GoodBulk Ltd (GBLK) is currently in the process of selling its remaining capesize bulk carriers. Currently, GoodBulk Ltd (GBLK) has five capesize bulk carriers left in its fleet. 20-July-2023
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) is reportedly divesting the third capesize bulk carrier within a span of three weeks. On this occasion, Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) has announced the sale of the 2009 built capesize bulk carrier 180K DWT MV Aquamarine for a price of $18.5 million to Athens-based shipowner and operator New Shipping. In March 2023, GoodBulk Ltd (GBLK) successfully sold two sister ships of MV Aquamarine for around $26 million. Last week, Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) sold 2011 built capesize bulk carrier 175K DWT MV Aquarange for around $23 million to New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers. With these recent developments, GoodBulk Ltd (GBLK) has now sold a total of 10 ships in 2023. GoodBulk Ltd (GBLK) is the subsidiary of privately owned C Transport Maritime (CTM). 10-July-2023
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) sold another capesize bulk carrier amidst a downturn in the dry bulk market. Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) sold 2011 built capesize bulk carrier 175K DWT MV Aquarange for around $23 million to New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers, in a remarkably short span of time. MV Aquarange was constructed at Hanjin Subic in the Philippines. Last week, GoodBulk Ltd (GBLK) sold the 2011 built capesize bulk carrier 175K DWT MV Aquaenna to New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers for around $22 million. In total, Monaco-based shipowner and operator GoodBulk Ltd (GBLK) has successfully sold nine ships in the year 2023. It becomes evident that the value of cape vessels has significantly declined over the past few months. GoodBulk Ltd (GBLK) is a publicly listed company in Oslo and New York. GoodBulk Ltd (GBLK) is the subsidiary of privately owned C Transport Maritime (CTM). 4-July-2023
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) sold another capesize bulk carrier, finalizing the company’s eighth ship sale of the year. Nasdaq and Oslo-listed John Michael Radziwill-led GoodBulk Ltd (GBLK) sold 2011 built capesize bulk carrier 175K DWT MV Aquaenna to New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers for around $22 million. 2011 built capesize bulk carrier 175K DWT MV Aquaenna was built at Jinhai Heavy Industry Co. Ltd. Lately, prices for secondhand dry bulk carriers have experienced a slight decline. GoodBulk Ltd (GBLK) is a publicly listed company in Oslo and New York. GoodBulk Ltd (GBLK) is the subsidiary of privately owned C Transport Maritime (CTM). 27-June-2023
Athens-based shipowner and operator Brave Maritime Corporation Inc., which is controlled by the Vafias family, has recently acquired two capesize bulk carriers from Monaco-based shipowner and operator GoodBulk Ltd (GBLK). The purchases include a 2010-built MV Aquavictory with a capacity of 182,000 deadweight tons (DWT) for around $26.5 million and a 2012-built MV Aquaexplorer, also with a capacity of 182,000 DWT, for around $28.5 million. Brave Maritime Corporation Inc. is expected to take delivery of both vessels in May 2023 from GoodBulk Ltd (GBLK). GoodBulk Ltd (GBLK), which is led by Michael Radziwill, has been divesting several vessels in recent months to increase its cash reserves and maintain its dividend capacity. The Vafias Group was one of the first companies to invest in capesize bulk carriers during the current shipping cycle, acquiring ships at a time when market conditions appeared unfavorable and concerns existed about the strength of China’s post-pandemic economic recovery. GoodBulk Ltd is a publicly listed company in Oslo and is the subsidiary of privately owned C Transport Maritime (CTM). Currently, Monaco-based shipowner and operator GoodBulk Ltd (GBLK) owns eighteen (18) capesize bulk carriers and one (1) panamax bulk carrier.
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) sold two (2) capesize bulk carriers to Danish shipowner and operator Dampskibsselskabet DS Norden A/S. John Michael Radziwill-led GoodBulk Ltd (GBLK) sold 2012 built capesize bulk carrier 179K DWT MV Aquatonka and 2012 built capesize bulk carrier 179K DWT MV Aquahaha for around $56 million total in an en bloc deal to Jan Rindbo-led Dampskibsselskabet DS Norden A/S. Nasdaq and Oslo-listed GoodBulk Ltd (GBLK) will deliver two (2) capesize bulk carriers in April and May 2023. Copenhagen-based shipowner and operator Dampskibsselskabet DS Norden A/S will operate 25 capesize bulk carriers. Nasdaq and Oslo-listed GoodBulk Ltd (GBLK) has chosen to partner with C Transport Maritime S.A.M. for the ship management of all the bulk carriers. 22-March-2023
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) bought back 2,570,812 of the company’s shares. 2,570,812 shares are equivalent to 8.7% of the Nasdaq and Oslo-listed GoodBulk Ltd (GBLK). This is a substantial discount on the NAV (Net Asset Value) of GoodBulk Ltd. Monaco-based shipowner and operator GoodBulk Ltd has not disclosed the specific pricing. Nasdaq and Oslo-listed shipowner GoodBulk Ltd (GBLK) has conducted a major share buyback that the company communicated will benefit shareholders and has confirmed more bulk carrier sales. John Michael Radziwill-led GoodBulk Ltd (GBLK) stated that the dividend for the Q4 was the same as in the previous three months, which was GoodBulk Ltd’s (GBLK) biggest quarterly payout. Nasdaq and Oslo-listed GoodBulk Ltd (GBLK) has chosen to partner with C Transport Maritime S.A.M. for the ship management of all the bulk carriers. C Transport Maritime S.A.M. have an outstanding track record in supplying world leading dry bulk management services at very competitive rates. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). Monaco-based shipowner and operator GoodBulk Ltd (GBLK) owns twenty (20) capesize bulk carriers and one (1) panamax bulk carrier. 14-March-2023
Monaco-based shipowner and operator GoodBulk Ltd (GBLK) disburse a super-sized dividend. John Michael Radziwill-led GoodBulk Ltd reported a net profit of $31.2 million, which equated to $1.04 in earnings per share in Q3 2022. Oslo-listed GoodBulk Ltd’s latest net profit includes a $30.8 million gain on the sale of a capesize bulk carrier. Monaco-based shipowner and operator GoodBulk Ltd is keeping an opportunistic perspective to buying and selling bulk carriers in near future. John Michael Radziwill-led shipowner and operator GoodBulk Ltd has again increased the company’s income during weak freight markets by selling off bulk carriers. Furthermore, GoodBulk Ltd has distributed the company’s largest-ever dividend to shareholders. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). 22-November-2022
Monaco-based shipowner and operator GoodBulk Ltd has distributed $165 million to shareholders in 2021. John Michael Radziwill-led GoodBulk Ltd sold eight (8) bulk carriers in Q2 2022. Oslo-listed GoodBulk Ltd preferred the best time to sell the bulk carriers as a robust S&P (Sale and Purchase) market. GoodBulk Ltd reported a net profit of $25.9 million. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). 19-September-2022
Monaco-based shipowner and operator GoodBulk Ltd sold 2009 built capesize bulk carrier 179K DWT MV Aquamaka for around $26 million to Alpha Bulkers. Furthermore, John Michael Radziwill-led GoodBulk Ltd sold 2009 built panamax bulk carrier 75K DWT MV Aquaknight. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). 18-April-2022
Monaco-based shipowner and operator GoodBulk Ltd sold 2009 built capesize bulk carrier 179K DWT MV Aquamaka for around $26 million to Alpha Bulkers. Furthermore, John Michael Radziwill led GoodBulk Ltd sold 2007 built panamax bulk carrier 75K DWT MV Aquaknight for around $17million. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). 12-April-2022
John Michael Radziwill-led GoodBulk Ltd is going to pay $0.20 per share to shareholders. In Q3 2020, GoodBulk Ltd reported a net profit of $1.2m million or $0.04 per share. Monaco based shipowner and operator GoodBulk Ltd pledged to restart quarterly dividend payments to shareholders after reporting profit in Q3 2020. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). In 2019, GoodBulk Ltd distributed around $100 million dividend to shareholders. In June 2020, GoodBulk Ltd refinanced $200 million of debt. Recently, GoodBulk Ltd sold 2003 built capesize bulk carrier 171K DWT MV Aquacharm for around $10.5 million. Furthermore, GoodBulk Ltd chartered out 2011 built capesize bulk carrier 171K DWT MV Aquanavigator for $14,000 per day for around a year. GoodBulk Ltd chartered out 2005 built capesize bulk carrier 185K DWT MV Aquakatana for $15,000 per day for around one and a half years. Monaco based shipowner and operator GoodBulk Ltd’s capesize bulk carrier earnings have been hit by the lag effect caused by the quickly rising capesize market. In Q4 2020, GoodBulk Ltd has fixed almost 3/4 of capesize bulk carriers at a gross time-charter equivalent rate of about $18,000 per day. 17-November-2020
Monaco based shipowner and operator GoodBulk Ltd anticipates a stabilization in dry bulk markets after the coronavirus recession. John Michael Radziwill-led GoodBulk Ltd plans to pay notable capital dividends to investors. Oslo OTC (Over-the-Counter) listed GoodBulk Ltd reported $7.2 million in EBITDA in Q2 2020 and strong cash reserves. GoodBulk Ltd reported a net loss of $5.8 million in Q2 2020. GoodBulk Ltd is not planning to sell any ships at these levels. In Q2 2020, GoodBulk Ltd’s fifteen (15) bulk carriers average earnings were below the Baltic Index due to the lag created by fixing bulk carriers during a rising spot market. GoodBulk Ltd is optimistic about the dry bulk market. According to Monaco based shipowner and operator GoodBulk Ltd, supply and demand for dry bulk shipping seem compelling for the rest of 2020. 16-August-2020
Monaco based shipowner and operator GoodBulk Ltd has reported a net loss of $5.8 million in Q2 2020 versus $228K profit in Q2 2019. Oslo OTC (over-the-counter market) listed GoodBulk Ltd has refinanced almost all of its existing loans. GoodBulk Ltd has reported a net loss due to a weak dry bulk market plus a $10 million depreciation charge. In Q2 2020, GoodBulk Ltd booked $2 million net profit when the company sold 2003 built capesize bulk carrier 171K DWT MV Alam Cetus (ex MV Aquajoy). John Michael Radziwill led GoodBulk Ltd halted the company’s quarterly dividend due to coronavirus recession. However, GoodBulk Ltd endeavors to deliver funds to shareholders at the earliest convenient time. In 2019, GoodBulk Ltd distributed $100 million to shareholders. GoodBulk Ltd reported TCE (Average Time-Charter Equivalent) of $8,912 per ship per day in Q2 2020. GoodBulk Ltd’s 15 capesize bulk carriers are traded in the spot market in the Capesize Chartering pool in Q2 2020. GoodBulk Ltd’s 8 capesize bulk carriers are employed on period charters. GoodBulk Ltd’s bulk carriers are managed by John Michael Radziwill controlled C Transport Maritime (CTM). GoodBulk Ltd made early terminations of IRS (Interest Rate Swap) agreements with ABN AMRO. GoodBulk Ltd has also agreed with two other bankers, Credit Suisse and ING Bank, to combine and extend existing IRS (Interest Rate Swap) agreements. In Q3 2020, GoodBulk Ltd has chartered out around half of its capesize bulk carriers. 6-August-2020
Monaco-based Oslo OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd sold 2011 built capesize bulk carrier 175K DWT MV Aquacarrier for around $17.5 million to Berge Bulk. Furthermore, John Michael Radziwill-led GoodBulk Ltd sold 2003 built capesize bulk carrier 175K DWT MV Aquajoy for around $10.5 million to Seacon Shipping Group. Recently, GoodBulk Ltd reported a net profit of $10.9 million. Monaco based shipowner and operator GoodBulk Ltd’s capesize fleet achieved an average gross Time Charter Equivalent (TCE) rate of $21,142 per day in Q4 2019. GoodBulk Ltd had fixed 78% of the company’s Q1 2020 capesize days. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). Monaco-based shipowner and operator GoodBulk Ltd expressed the normalization of the Chinese economy in the trail of the pandemic will be essential to the progress in the dry cargo market. After the pandemic, the Chinese government aims to bolster infrastructure projects by providing local governments access to the bond market is anticipated to sustain iron ore demand later in 2021. Currently, Monaco-based shipowner and operator GoodBulk Ltd owns and operates 24 bulk carriers. 29-February-2020
Monaco-based Oslo OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd has officially abandoned the company’s struggle to become publicly listed in New York but is still open to attempting again. In 2018, John Michael Radziwill-led GoodBulk Ltd filed for the IPO (Initial Public Offering). GoodBulk Ltd was backed by seven banks. Monaco-based shipowner and operator GoodBulk Ltd tried to trade 8.5 million shares for between $15.50-$17.50 on the Nasdaq Exchange for $140 million but backed away a month later after selling no shares in the offering. Since then, GoodBulk Ltd has been trading on the Oslo Bors OTC (Over The Counter). In 2018, GoodBulk Ltd filed a US Securities and Exchange Commission document and asked to abandon IPO (Initial Public Offering), as a subject of housekeeping. John Michael Radziwill-led GoodBulk Ltd withdrew the company’s registration statement with the US Securities and Exchange Commission as a result of the financials becoming thick as per US Securities and Exchange Commission rules, so GoodBulk Ltd would have had the same amount of labor and cost whether or not the company was documented. Nevertheless, this does not indicate Monaco-based Oslo OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd will not appear on a Nasdaq Exchange someday. GoodBulk Ltd will resume observing the US equity capital markets. GoodBulk Ltd may refile if and when an option appears to complete a transaction that would deliver value to all stakeholders. GoodBulk Ltd prefer to maximize shareholder value. 9-January-2020
Monaco-based Oslo OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd reported profit for tenth consecutive quarter. GoodBulk Ltd reported a net profit of $19.9 for the Q3 2019. John Michael Radziwill-led GoodBulk Ltd reported earnings per share of $0.66 for the Q3 2019. On the other hand, GoodBulk Ltd booked a $3.8 million profit from selling its 2007 built supramax bulk carrier 69K DWT MV Aquakula. In Q3 2019, the Baltic Capesize Index (BCI) averaged $29,365 per day, which Monaco-based shipowner and operator GoodBulk Ltd observed is 32.2% above the same period 2018. Oslo-listed GoodBulk Ltd is the public arm of privately-owned C Transport Maritime (CTM). GoodBulk Ltd is benefiting from the current robust shipping market. Furthermore, GoodBulk Ltd reported the company’s seventh consecutive quarterly cash dividend of $0.84 per common share. Dividend of $0.84 per common share equates to cumulative dividend distribution of $2.46 per share or 22.36% of the price of GoodBulk Ltd’s initial share price when the company listed on the Norwegian OTC (Over The Counter) market in March 2017. Currently, Monaco-based GoodBulk Ltd owns a fleet of 26 large bulk carriers. 6-November-2019
CarVal Investors owns 49.6% of Monaco-based Oslo OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd. Furthermore, CarVal Investors sold 13 capesizes to GoodBulk Ltd in 2017. Recently, CarVal Investors sold 2017 built handysize bulk carrier 37K DWT MV Alpine and 2017 built handysize bulk carrier 37K DWT MV Summit. CarVal Investors sold MV Alpine and MV Summit to White Lake Shippingfor around $14.5 million each. In February 2019, CarVal Investors sold 2016 built handysize bulk carrier 35K DWT MV North Star and 2016 built handysize bulk carrier 35K DWT MV Grand Marais. CarVal Investors sold MV Merel D (ex MV North Star) and MV Maryam D (ex MV Grand Marais) to Alliance Maritime for around $32.5 million en bloc. In 2013, CarVal Investors commenced ship purchases as a private-equity fund. Furthermore, CarVal Investors primarily investing in other shipping companies since 2013. In May 2019, Besides 49.6% of GoodBulk Ltd, CarVal Investors holds a 6.5% stake in Diamond S Shipping and 0.5% of Golden Ocean Group. In October 2016, CarVal Investors obtained a 16.7% stake in Hunter Maritime Acquisition. 21-May-2019
Monaco-based Oslo OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd reported a net income of $2.6 million for Q1 2019 or $0.09 per share. John Michael Radziwill-led GoodBulk Ltd has reported the company’s eighth consecutive profitable quarter and has announced its fifth dividend in a row. GoodBulk Ltd will distribute a cash dividend of $0.34 per share. Revenue sharing deals have permitted GoodBulk Ltd to protect the company from the surprising downturn in the capesize market seen in Q1 2019. Monaco-based shipowner and operator GoodBulk Ltd reported an average gross TCE (Time Charter Equivalent) rate of $13,858 per day on the company’s capesize bulk carriers, much more than the Baltic Capesize Index’s (BDI) average of $8,740 per day for Q1 2019. The preponderance of GoodBulk Ltd’s fleet is operated with charter revenue-sharing contracts, apart from five (5) capesize bulk carriers and one (1) panamax bulk carrier, which were fixed on period charters during the Q1 2019. According to GoodBulk Ltd, the fleet growth would be a fine balance with demand in 2020 but will be aided by ships exiting the world fleet to undergo tank cleaning, scrubber installations, and other operations to comply with the global sulfur cap on 1 January 2020. Currently, OTC (Over The Counter) listed shipowner and operator GoodBulk Ltd owns and operates 27 bulk carriers. 7-May-2019
John Michael Radziwill led GoodBulk Ltd is the first mainstream shipowner to complete a traditional IPO (Initial Public Offering) in New York in 3 years. GoodBulk IPO (Initial Public Offering) would be the first successful shipping IPO (Initial Public Offering) since Gener8 Maritime floated in June 2015. Monaco based GoodBulk Ltd is seeking to sell 8.5 million shares in a range between $15.50 and $17.50 on the Nasdaq exchange, which would value IPO (Initial Public Offering) around $140 million if it prices at the midpoint. Underwriters have the option to purchase a further 1.275 million shares, which would bring a further $21 million on the same basis. John Michael Radziwill led GoodBulk Ltd unveiled its first public prospectus on 1 June as it looks to bring a fleet of 25 dry bulk carriers (22 capesize dry bulk carriers) on the Nasdaq through an offering led by Morgan Stanley and Credit Suisse. GoodBulk will buy a further 5 second-hand capesize dry bulk carriers for $178.75 million from private company CTM. CarVal Investors is the largest current GoodBulk holder at 49.6% of shares. CarVal Investors would remain as the largest shareholder after the IPO but at 38.5%. Other shareholders include financial fund Lantern (12.9%), Radziwill (12.4%), Brentwood Shipping (11.6%), and Fidelity (9.8%). 19-June-2018
GoodBulk CEO John Michael Radziwill is aiming to acquire 11 dry bulk carrier fleet of Rewood Ocean Shipping Co (Rosco) for $185 million. Chinese shipowner and operator Rewood Ocean Shipping Co (Rosco) has a fleet of 1 capesize, 3 kamsarmax and 7 panamax dry bulk carriers. Chinese shipowner and operator Rewood Ocean Shipping Co (Rosco) has a parent company Sanhe Hopefull Grain & Oil Group. John Michael Radziwill led GoodBulk, which is listed on Oslo’s OTC (Over The Counter) Market, is planning for a listing in New York Stock Exchange. In 2017, GoodBulk was the largest single buyer of second-hand dry cargo ships. CarVal holds a 44% stake in GoodBulk, with anchor investors Lantern Asset Management, Mangrove Partners, Fidelity and CTM Holding a combined 41%. Brentwood Group owns 14%. John Michael Radziwill’s private company C Transport Maritime (CTM) manages dry bulk carrier fleet of GoodBulk. 27-February-2018
Oslo over the counter market listed GoodBulk is planning to apply to be listed in New York in 2018. John Michael Radziwill led GoodBulk was offered to public in Norway earlier in 2017 and grew in a very fast way. GoodBulk is combining powers with CarVal. CarVal dry bulk carriers will bring down the average age of the GoodBulk fleet while adding additional earnings power. GoodBulk reported seven (7) firm capesize 180K DWT dry bulk carriers secured from CarVal:
- M/V RS Iron Range (2011)
- M/V Maka Franz (2009)
- M/V Belle Taine (2010)
- M/V Minnetonka (2012)
- M/V Minnehaha (2012)
- M/V Itasca (2012)
- M/V Silver Surfer (built 2013)
Oslo listed GoodBulk reported a net profit of $414,000 in Q3 2017. Market analysts estimate that GoodBulk will complete 2017 with a profit of $8 million. 10-November-2017
John Michael Radziwill led GoodBulk bought 2007 Japanese built panamax dry bulk carrier for $13 million. Norwegian OTC listed GoodBulk has a fleet of 10 dry bulk carriers. In February 2017, Norwegian OTC listed GoodBulk bought 2007 built supramax dry bulk carrier 55K DWT MV Aquakula. 22-April-2017