GoodBulk has made its first acquisition since listing on the Norwegian over-the-counter (N-OTC) market in March.

The John Michael Radziwill-backed venture says it has agreed to acquire a 2007-built panamax bulker built by Universal Shipyard in Japan.

The identity of the seller and the name of 75,000-dwt vessel was not disclosed, nor was the price being paid for the ship.