GOGL also repurchased some shares, took delivery of two additional newbuilds and arranged financing for the new vessels. In Oct 2024, exercised option on Supramax vessel and subsequently sold the vessel fir a tidy profit. Cape TCE avg of $18,173 daily is probably a combination of good mgmt and fleet mix (# of Newcastlemax + age of vessels)`
Also mentioned is the sale of another vessel - Golden Bull.
Given GOGL is taking delivery of newer Kamsarmax vessels, it makes some sense to trim older Panamax tonnage (though one could argue that a 2012-build isn’t that old). Don’t think I have seen Golden Bull on ship broker reports yet.