GOGL - Acquisition of Capesize and Handysize bulk carriers

GOGL - Acquisition of Capesize and Handysize bulk carriers

ID: 292803

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
announce that it has acquired one 2010 Korean built 181,000 dwt Capesize bulk
carrier and one 2010 China built 29,200 dwt Handysize bulk carrier. The vessels
are bought in an enblock transaction jointly on a 50/50 basis with a strategic
partner (cargo owner).

The Company took delivery of the vessels today, September 3, 2013. The Board is
of the opinion that it has obtained a favorable price and considers risk /
reward as attractive from a historical perspective.


September 3, 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#1726801]






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Bereitgestellt von Benutzer: hugin
Datum: 03.09.2013 - 08:36 Uhr
Sprache: Deutsch
News-ID 292803
Anzahl Zeichen: 1621

contact information:
Town:

Hamilton



Kategorie:

Business News



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"GOGL - Acquisition of Capesize and Handysize bulk carriers"
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