More Supramax Newbuilds for Golden Ocean

Golden Ocean Group Limited (Golden Ocean) has concluded three option three newbuilding contracts for 64,000 dwt Supramax bulk carriers with Chengxi Shipyard Co.,Ltd and China Shipbuilding and Trading Company Limited (CSTC).

The firm vessels will be delivered to the Company during first half 2015 and optional vessel to be declared within four months from now. Golden Ocean will in a few years own a fleet of five to eight fuel efficient Supramax bulk carriers.

The Board is of the opinion that it has obtained favorable terms, attractive pricing and considers risk / reward as attractive from a historical perspective.

[mappress]

Press Release, June 14, 2013