GOGL - Sale of Handysize bulk carrier

GOGL - Sale of Handysize bulk carrier

ID: 315019

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
announce that it has sold the 2010 China built 29,200 dwt Handysize bulk carrier
Golden Azalea. The vessel was bought in an enblock transaction together with the
Capesize Golden Opus in September 2013. Both vessels were owned together with a
strategic joint venture partner.

The main reason for the sale is that the size of the vessel is outside the
strategy of the Company and the joint venture partner. The combination of the
sales price and the favorable terms of the enblock acquisition leave the Company
with an attractively priced 2010 built Capesize.



November 11, 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
Per Heiberg: Acting CFO, Golden Ocean Management AS
+47 22 01 73 45



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#1742222]






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Bereitgestellt von Benutzer: hugin
Datum: 11.11.2013 - 16:42 Uhr
Sprache: Deutsch
News-ID 315019
Anzahl Zeichen: 1732

contact information:
Town:

Hamilton



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 150 mal aufgerufen.


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"GOGL - Sale of Handysize bulk carrier"
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