GOGL - Amendments to Shipbuilding Contracts

GOGL - Amendments to Shipbuilding Contracts

ID: 167198

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
announce that it has come to an agreement with Zhoushan Jinhaiwan Shipyard Co.,
Ltd. ("Jinhaiwan") on amendment of three of the shipbuilding contracts.

The agreement is related to the two Kamsarmax vessels Golden Excellence and
Golden Explorer, and the Capesize vessel Golden Nantong. Due to delay in the
construction progress the Company has agreed to accept late delivery of the
vessels. The contract price for the three vessels in aggregate is now agreed to
be USD 86.65 million. The vessels are expected to be delivered to the Company in
the fourth quarter of 2012.



July 20, 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 acc. to §5-12 vphl
(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#1628207]






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Bereitgestellt von Benutzer: hugin
Datum: 20.07.2012 - 08:17 Uhr
Sprache: Deutsch
News-ID 167198
Anzahl Zeichen: 1730

contact information:
Town:

Hamilton



Kategorie:

Business News



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"GOGL - Amendments to Shipbuilding Contracts"
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