GOGL - Three option three newbuilding contracts for 64,000 dwt Supramax bulk carriers

GOGL - Three option three newbuilding contracts for 64,000 dwt Supramax bulk carriers

ID: 269827

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
announce that it has concluded three option three newbuilding contracts for
64,000 dwt Supramax bulk carriers with Chengxi Shipyard Co.,Ltd and China
Shipbuilding and Trading Company Limited ("CSTC").

The firm vessels will be delivered to the Company during first half 2015 and
optional vessel to be declared within four months from now. Golden Ocean will in
a few years own a fleet of five to eight fuel efficient Supramax bulk carriers.

The Board is of the opinion that it has obtained favorable terms, attractive
pricing and considers risk / reward as attractive from a historical perspective.



June 14, 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 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#1709544]






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Datum: 14.06.2013 - 12:54 Uhr
Sprache: Deutsch
News-ID 269827
Anzahl Zeichen: 1776

contact information:
Town:

Hamilton



Kategorie:

Business News



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