Carval Investors News

GoodBulk an owner and operator of dry bulk vessels announced that it took delivery of the Aquasurfer, a 2013 built Capesize vessel of 178,854 dwt built by South Korean Sungdong. The purchase – which is the sixth to deliver of the seven initial Capesize vessels acquired from funds managed by CarVal Investors pursuant to an agreement entered into on October 26, 2017 – was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,547,000 new common shares to funds managed by CarVal. The vessel is expected to be employed in the spot market via the Capesize Revenue Sharing Agreement (Capesize RSA) managed by C Transport Maritime SAM (CTM).

Greek dry bulk owner Goodbulk announced that in January it took delivery of two Capesize vessels and sold another one Capesize. The Company took delivery of the Aquaproud, a 2009 built Capesize vessel of 178,057 dwt built by Shanghai Waigaoqiao Shipbuilding (SWS), China on On January 24, 2018. The purchase, which is the third to deliver of six option Capesize vessels acquired from funds managed by CarVal Investors on December 20, was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,144,123 new common shares to funds managed by CarVal. The vessel is expected to be employed in the spot market via the Capesize Revenue Sharing Agreement managed by C Transport Maritime SAM.

Greek dry bulk owner Goodbulk  informed that it expects to exercise the options to buy six more Capesize vessels for a price of USD 134.2 million. The purchase option was part of an agreement signed between Goodbulk and Carval Investors in October this year for a total of 13 Capezsize bulkers. "The option exercise is expected to be funded by a combination of cash on hand, availability under existing and new credit facilities, and issuance of $80.4 million of new shares, including 3,727,513 shares to be issued to funds managed by CarVal Investors, and the 1,680,441 Offer Shares in the Rights Offering. Net debt as a percentage of gross asset value is expected to remain below 30%," said a press release from the company.

GoodBulk, an owner and operator of dry bulk vessels announced that it has entered into an agreement to acquire 7 to 13 Capesize dry bulk carriers from entities managed by CarVal Investors. Delivery of the vessels is expected to occur during the 4th Quarter of 2017 and the 1st  Quarter of 2018. “We are excited to partner with CarVal Investors in this transaction as we continue to execute upon the Company’s strategy of building an industry leading platform for investment in dry bulk vessels,” commented Chairman and CEO John Michael Radziwill. “Not only does this transaction provide GoodBulk’s shareholders with increased Capesize exposure at what we believe to be an opportune time in a recovering market…

Diamond S Shipping Group inform they have acquired three modern medium-range clean product tankers from funds managed by CarVal Investors. In the transaction, a group of funds managed by CarVal became a significant investor in the Diamond S clean product tanker business, and Ranjit Ahluwalia, managing director of CarVal, joined the Diamond S Board of Directors. Founded by Cargill Inc. in 198, CarVal Investors is a global investment fund manager. “With refined product exports from the U.S.

Oceanografia completes agreement to acquire 'OSA Goliath' from CarVal Investors. Oceanografia S.A. de C.V., one of Mexico’s largest leading vessel operators specializing in underwater survey, diving, pipe laying construction and maintenance operations has announced that it has signed an agreement to acquire the OSA Goliath from CarVal Investors. Oceanografia has successfully operated the OSA Goliath under charters from CarVal Investors since 2009. In a separate transaction, CarVal…