GOGL - Settlement of dispute
(Thomson Reuters ONE) -
Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
announcethat it has entered into an agreement to settle the dispute regarding
its claim in respect of contractual non-performance in 2010 in relation to
delivery of one of the Company's vessels on a then 10-year charter agreement.
The Company has received a $30 million cash payment in settlement of its claim.
Deducted for related costs the Company expects to book a net income related to
this settlement of about $29 million in the second quarter of 2013.
May 30, 2013
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#1706057]
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2013 - 20:26 Uhr
Sprache: Deutsch
News-ID 265121
Anzahl Zeichen: 1583
contact information:
Town:
Hamilton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 159 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"GOGL - Settlement of dispute"
steht unter der journalistisch-redaktionellen Verantwortung von
Golden Ocean Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
