• 2018 March 6 13:02

    GoodBulk announces delivery of Capesize vessel and updates on capital formation

    GoodBulk Ltd. an owner and operator of dry bulk vessels announced that on March 1, 2018 it took delivery of the Aquasurfer, a 2013 built Capesize vessel of 178,854 dwt built by Sungdong, KR, the company said in its press release. The purchase – which is the sixth to deliver of the seven initial Capesize vessels acquired from funds managed by CarVal Investors, LLC (“CarVal”) pursuant to an agreement entered into on October 26, 2017 – was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,547,000 new common shares to funds managed by CarVal. The vessel is expected to be employed in the spot market via the Capesize Revenue Sharing Agreement (“Capesize RSA”) managed by C Transport Maritime SAM (“CTM”).

    Upon delivery of the Aquasurfer and the sale of the Aquabeauty, GoodBulk will have a fleet of 19 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels on the water, with an additional 2 Capesize vessels expected to be delivered within the beginning of the 2nd quarter of 2018.

    Capital Formation:
    On March 2, 2018 the Company completed a fourth closing of the December 20, 2017 Rights Offering (“Rights Offering”) issuing 415,017 common shares for gross proceeds of $6,320,709.
    Upon delivery of the Aquasurfer and the fourth closing of the Rights Offering the Company will have 26,838,727 outstanding common shares.
    Upon settlement of all anticipated issuances, the Company is expected to have approximately 29,537,993 common shares outstanding.
    About GoodBulk Ltd.
    GoodBulk, incorporated in Bermuda and headquartered in Monaco, is an owner and operator of dry bulk vessels formed in December 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000 – 210,000 DWT. Upon delivery of announced vessel acquisitions and dispositions GoodBulk will control a fleet of 24 dry bulk vessels, including 21 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels. Designed to provide an efficient platform for investors to access the dry bulk market, all assets are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels.

2018 March 17

06:48 Seatrade convicted for trafficking toxic ships

2018 March 16

18:06 Rijkswaterstaat awards Afsluitdijk project to Levvel consortium
17:36 HHLA Container Terminal Burchardkai handles new record ship
17:05 ICS publishes latest Flag State Performance Table
16:51 Vladimir Putin inspected the completed new road section of the Crimean Bridge
16:35 Wison successfully delivers the global largest single cracking furnace module
16:20 GTT announces the end of the test phase of its new LNG brick® technology
16:05 Fincantieri starts building of ultra-luxury cruise ship for Regent Seven Seas Cruises
15:30 Caterpillar Marine announces first European IMO Tier III tugboat
15:03 Throughput of port Kavkaz up 67% to 4.3 million tonnes in 2M’18
14:39 Port of Hamburg proves effectiveness in handling mega-carriers
14:05 Training for port facility security staff arranged in the Dominican Republic
13:42 Multipurpose Reloading Complex takes lead in the industry
13:20 Karachi Shipyards & Engineering Works delivers two Damen Stan Patrol 1605 FRP patrol boats to Pakistan Customs
13:17 Bunker prices continue going down at the port of Novorossiysk, Russia (graph)
12:51 52 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 15-16
12:28 Seaports of Russia’s Azov Sea Basin handled 16.77 million tonnes of cargo in winter 2017-2018, up 63.8% Y-o-Y
12:04 Latin America maritime cooperation centre launched
11:40 Vympel Shipyard laid down second armament support ship of Project 20360М for RF Defence Ministry (photo)
11:15 Vostochny Port JSC develops railway infrastructure under its Phase 3 project (photo)
10:52 IMO joined leading oil spill experts to discuss future issues concerning oil spill preparedness, response and restoration
10:27 Brent Crude futures price down 0.11% to $65.05, Light Sweet Crude – down 0.05% to $61.16
10:09 Panama Canal signs agreement with Association of Soybean and Corn Producers of Mato Grosso
09:48 IMO is looking at safety aspects of on shore power supply to ships
09:34 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index down to 1,150 points
09:03 Damen unveils Multi Cat Water Injection Dredger

2018 March 15

18:25 CMA CGM announces FAK rates from Asia to the Mediterranean
18:11 ICS releases latest Flag State Performance Table (with new criteria included)
18:05 Fincantieri will cooperate with Barzan Holdings
17:57 Throughput of port Kaliningrad in 2M’18 up 16% Y-o-Y to 2.32 million tonnes
17:35 Second Sanmar Voith Schneider Propeller tug joins sister in Israel
17:20 Throughput of port Vyborg up 19% to 197,800 tonnes in 2M’18
17:05 Seaspan acquires Greater China Intermodal Investments LLC
17:02 MABUX: global bunker market still in 'wait-and-see' mood
16:35 DP World announces strong financial results for 2017
16:16 Throughput of port Vysotsk down 5% to 3.06 million tonnes in 2M’18
16:05 ECSA and WSC call for the revision of the Reporting Formalities Directive to improve the efficiency of maritime transport
15:39 Port of Oakland imports up 14.9 percent in February 2018
15:31 Sanmar orders 42 Rolls-Royce thrusters
15:22 Coastal facilities and hydraulic engineering structures under FNPP project in Chukotka to be completed in August 2019
15:07 Port of Dover awards major contract for new Refrigerated Cargo Terminal
14:33 Yang Ming to launch new Japan-Malaysia-Vietnam direct service
14:11 Throughput of port Primorsk in 2M’18 down 32% Y-o-Y to 7.47 million tonnes
13:50 Throughput of port Ust-Luga up 6% to 16.59 million tonnes in 2M'18
13:25 VARD secures contract for the construction of one fishing vessel for Remøybuen AS
13:12 Throughput of Big Port St. Petersburg up 11% to 9.01 million tonnes in 2M’18
12:30 Paweł Jakubowski appointed as President of Polskie LNG S.A. Management Board
11:45 Freeport of Riga is getting ready for new cruise ship season
11:44 MOL announces delivery of the Beluga Ace, 1st next-generation FLEXIE series car carrier
11:23 34 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 14-15
11:00 Bunker prices are going up at the Far East ports of Russia (graph)
10:38 Marine Recruiting Agency and Corporate University “Norilsk Nickel” take on joint educational project
10:14 Brent Crude futures price up 0.05% to $64.92, Light Sweet Crude – up 0.11% to $61.03
09:49 Arctic Council will gather in Levi, Finland on 22-23 March 2018
09:17 Baltic Dry Index down to 1,169 points

2018 March 14

18:26 Port of Antwerp sets up maritime training institute in Brazil
18:06 Port of Oakland releases a new 5-year strategic plan
17:55 Baltic Workboats delivers ten more 15m Baltic wave piercing pilot boats to Denmark pilots stations
17:36 Fincantieri upgrades ultra-luxury cruise ship Silver Spirit