JP Morgan has completed a profitable flip of two capesize bulkers to GoodBulk after the John Michael Radziwill-led company’s decision to pull its plans for an initial public offering in New York derailed a larger transaction between the pair.
GoodBulk announced on Tuesday that it had bought a pair of capesizes, built at Daehan Shipbuilding in 2011 and 2012, for $68.3m.
