GOGL - Information on charter contract for Golden Feng

GOGL - Information on charter contract for Golden Feng

ID: 123922

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") advises that the
Company today has been contacted by Sanko Steamship Co., Ltd. ("Sanko") where
they ask Owners for deferred payments in relation to hire payments. Sanko has
also sent out a press release on March 9 where they assure that they fully
intend to meet all financial obligations and that they will restructure and
strengthen the company's balance sheet.

The Company has the vessel Golden Feng on charter to Sanko at $46,000 / day net,
for a period up to minimum January 10, 2014. The Company has received all hire
up until March 10, 2012 in full, and has as per that date no outstanding hire
due from the charterer. The Company has received part payment for the next
fifteen days' hire.

The Company's management will endeavor to protect the value of the charter
contract with Sanko.



March 12, 2012
The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda

Contact Persons:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 41

Birgitte Ringstad Vartdal: CFO, Golden Ocean Management AS
+47 22 01 73 53
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Golden Ocean Group via Thomson Reuters ONE

[HUG#1593356]




Weitere Infos zu dieser Pressemeldung:
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drucken  als PDF  an Freund senden  VLCCF - Information on charter contract for Battersea Orion Corporation: Transfer of 87,763 own B-shares  on 12 March 2012
Bereitgestellt von Benutzer: hugin
Datum: 12.03.2012 - 17:32 Uhr
Sprache: Deutsch
News-ID 123922
Anzahl Zeichen: 1986

contact information:
Town:

Hamilton



Kategorie:

Business News



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"GOGL - Information on charter contract for Golden Feng"
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GOGL - Mandatory Notification of Trade ...

Hemen Holding Limited, a company indirectly controlled by trusts affiliated with John Fredriksen and his family, has settled a TRS agreement (Total Return Swap) underlying 1,423,001 shares in Golden Ocean Group Limited ("Golden Ocean") expi ...

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