John Michael Radziwill's GoodBulk has shaken off its IPO disappointment with the profitable flip of an ultramax bulker and the purchase of two capesize vessels with an eye on a third.

GoodBulk, which pulled out of a US listing this summer, has sold the 61,500-dwt Aquapride (built 2012) in a $20m deal with Suisse Bulkers, it announced today.