GoodBulk posts strong financial results

GoodBulk

GoodBulk delivered a strong profit for the period ended June 30, 2018.

The company’s net profit for the second quarter of 2018 came in at YSD 3.6 million, compared to USD 0.8 million seen a year earlier.

The company said it remains optimistic that the Capesize market is in the early stages of a cyclical recovery supported by stronger fundamentals on both the demand for tonnage and supply of vessels.

During the second quarter of 2019, the company earned an average gross time charter equivalent rate (TCE) of $14,084 per day on its Capesize vessels, USD 13,149 per day on Panamax and USD 12,627 per day on Supramax vessels.

For the first six months of the year, GoodBulk delivered a net profit of USD 12.6 million, up from USD 0.5 million reported in the first half of 2017.

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