Dry CargoEurope

Goodbulk secures $73m credit facility to fund vessel acquisition

Monaco-based owner GoodBulk has entered into a new credit facility with ING Bank for up to $73m.

The facility, which has an initial term of five years, will be used to partially finance the acquisition of 2012-built capesize vessel Aquasalwador.

In the meantime, the company has entered into an investment agreement under which the Goodbulk will issue 572,738 new common shares to an unaffiliated investor to raise gross proceeds of approximately $10m in total. The share issuance is expected to be completed by 7 September 2018.

Goodbulk currently controls a fleet of 26 bulk carriers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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