Radziwill-led bulker owner GoodBulk has put its money where its mouth is and has backed up its bullish outlook for 2022 by taking on 100% exposure to the spot market.

The shipowner, which is the public arm of C Transport Maritime (CTM), booked net profit of $4m during the seasonally softer first quarter of 2022, up from $3.1m in the same period last year.