GOGL - Cancellation of newbuilding contract at Daehan

GOGL - Cancellation of newbuilding contract at Daehan

ID: 42902

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") has decided to
exercise its right under the shipbuilding contract for the vessel to be named
M/V "Golden Changi" to cancel that contract. Golden Ocean (through its nominated
buying company, Golden Changi Inc) is entitled to be reimbursed by the builder,
Daehan Shipbuilding Co Ltd of Korea, for the installments of the price paid to
date, with interest.

September 22, 2010
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)


[HUG#1445926]








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




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Datum: 22.09.2010 - 07:42 Uhr
Sprache: Deutsch
News-ID 42902
Anzahl Zeichen: 0

contact information:
Town:

Hamilton



Kategorie:

Business News



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"GOGL - Cancellation of newbuilding contract at Daehan"
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GOGL - Mandatory Notification of Trade ...

Hemen Holding Limited, a company indirectly controlled by trusts affiliated with John Fredriksen and his family, has settled a TRS agreement (Total Return Swap) underlying 1,423,001 shares in Golden Ocean Group Limited ("Golden Ocean") expi ...

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