GoodBulk has struck a deal to acquire up to 13 capesize bulkers from Cargill’s US investment arm CarVal Investors.
The John Michael Radziwill-led shipowner will initially acquire seven bulkers under the deal and have the option to acquire a further six.
CarVal will receive up to 10.5m shares in GoodBulk for the initial seven vessels, with $61m of existing borrowings expected to be refinanced under current and new GoodBulk credit facilities.
