Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is pleased to advise that the Company has ordered two additional ice class Panamaxes at Jiangsu Rong Sheng Heavy Industries. The vessels of 75.000 dwt will be delivered during 2008.
The agreed purchase price is USD 34,5 million.
This brings the total number of ice class Panamaxes to be delivered to Golden Ocean during 2008 to 6 units, which means that the Company will be the leading dry bulk shipping company within the Panamax segment offering transportation services to customers located in areas with adverse sailing conditions.
The Management finds price and time of delivery attractive.