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2013 September 4   11:24

Golden Ocean announces acquisition of two bulk carriers

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 company said Tuesday in its news release

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.

Golden Ocean Group Ltd. (GOGL) is a leading international dry bulk shipping company based in Bermuda, mainly operating in the Capesize and Panamax market segments. The Golden Ocean Group fleet is managed by the fully owned subsidiary Golden Ocean Group Management (Bermuda) Ltd, who in turn has subcontracted services to Golden Ocean Management AS and Golden Ocean Management Asia Pte Ltd.

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