Radziwill’s GoodBulk shorn of ships, eyes ‘new opportunities’

GoodBulk, one of the most high profile names in dry bulk shipping, is now free of vessel owning.

The John Michael Radziwill-led company has confirmed it has completed the sale of the last of its fleet, a remarkably quick process which has seen ships prefixed with Aqua dominate broking S&P reports all year.

Announcing its Q2 results yesterday, GoodBulk described the “culmination of its first investment cycle” which had lasted just shy of seven years following the disposal of all its remaining vessels.

“Q2 2022 was the strongest asset environment for secondhand Capesize assets since 2014, and longer for Panamax and Supramax assets,” the company noted in its quarterly report yesterday. Soon after this peak GoodBulk started to sell vessels. Over 2022 GoodBulk sold eleven vessels and delivered nine of these to their new owners and in 2023 GoodBulk sold 12 vessels and delivered 14.

“GoodBulk intends to remain in the dry bulk sector with potential new opportunities coming in the future,” the company stated.

GoodBulk’s next board meeting on October 11 with Radziwill speaking the next day at the Maritime CEO Forum in Monaco where he is expected to be quizzed about his future dry bulk plans.

As well as GoodBulk, Radziwill has C Maritime Transport, a dry bulk pool operator.