GOGL - Long term time charter contract

(Thomson Reuters ONE) -




Press release from Golden Ocean Group Ltd. 03.10.2010

Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
advise that the Company has fixed out on time charter one of its Jinhaiwan
capesize new buildings (176,000 dwt). The vessel is expected to be delivered to
the Charterer during second half this year for a four  years time charter
contract.

The agreed daily time charter rate is $29,500 less 5% total commission. This
agreement reflects the previously stated chartering strategy and further
strengthens the Company's cash position going forward.

Hamilton, Bermuda
March 3, 2010

Contact Persons:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 40

Geir Karlsen: CFO, Golden Ocean Management AS
+47 22 01 73 53


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1390402]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 03.03.2010 - 08:40 Uhr
Sprache: Deutsch
News-ID 13085
Anzahl Zeichen: 0

contact information:
Town:

Hamilton

Kategorie:

Business News

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