Search results for: Golden Ocean

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  • 27 February 2015
    Business & Finance

    The High Court in London, UK has ordered repayment of installments and interest on the last four contracts cancelled by Golden Ocean Group Limited (GOGL) at China’s shipbuilding ƒ Zhoushan Jinhaiwan. Golden Ocean said that it has received USD 72 million in refund of installments and interest from Jinhaiwan in January and February 2015. The dry bulk shipping company […]

  • 2 July 2006

    Ship Finance International Limited (“Ship Finance”) is pleased to advise the purchase of the 1997 built Panamax M/V Rainshadow for $28.4 million from Golden Ocean Group Limited (“Golden Ocean”). The vessel is chartered back to the seller Golden Ocean for a period of ten years at a bareboat rate of $10,000 per day for the […]

  • 27 April 2015
    Business & Finance

    Bermuda-registered dry bulk shipping company Golden Ocean Group Limited has taken various initiatives with respect to its fleet, including adjustments to its newbuilding program, as it endeavors to strengthen its cash position and balance sheet in the current weak market.  Within the framework of those measures, Golden Ocean has agreed a sale leaseback transaction of eight of its owned Capesize […]

  • 27 August 2013

    Jinhai Heavy Industry has been faced with yet another order cancellation by John Fredriksen’s Golden Ocean Group. The cancellation relates to three out of four Panamax bulkers and forms part of the company’s plan to cut down its newbuilding orderbook, SinoShip reported. What is more, Golden Ocean expects full repayment of its invested money into the […]

  • 27 August 2013
    Business & Finance

    Jinhai Heavy Industry has been faced with yet another order cancellation by John Fredriksen’s Golden Ocean Group. The cancellation relates to three out of four Panamax bulkers and forms part of the company’s plan to cut down its newbuilding orderbook, SinoShip reported. What is more, Golden Ocean expects full repayment of its invested money into […]

  • 15 April 2014
    Business & Finance

    Golden Ocean Group Limited (Golden Ocean) has entered into an agreement to purchase one ice class Panamax vessel resale built at Pipavav Defence & Offshore Engineering Company (Pipavav). Golden Ocean is expected to take delivery of the vessel ex yard during second quarter 2014. The vessel will be named Golden Ruby and is acquired from […]

  • 16 September 2019
    Business & Finance

    With the latest boost, Singapore Marine raised a USD 44 million in addition to the USD 105 million raised earlier.

  • 13 August 2019
    Business & Finance

    The JV is expected to start operations in the third quarter of 2019.

  • 14 March 2014
    Business & Finance

    Golden Ocean Group Limited has acquired the outstanding 50% of the 2009 Korean built 180,000 dwt Capesize bulk carrier Golden Magnum from its Joint Venture partner. The vessel was acquired in May 2013 and delivered in June of the same year. The Company believes that there is still some upside potential in asset values compared to […]

  • 27 May 2013
    Business & Finance

    Golden Ocean Group Limited announced that the Company has entered into an agreement to buy two ice class Panamax vessel resales built at Pipavav Defence & Offshore Engineering Company. Golden Ocean will take delivery of the vessels ex yard, the first vessel at the start of June and the second vessel during second half of […]

  • 27 May 2013

    Golden Ocean Group Limited (Golden Ocean) has entered into an agreement to buy two ice class Panamax vessel built at Pipavav Defence & Offshore Engineering Company (Pipavav). Golden Ocean will take delivery of the vessels ex yard, the first vessel at the start of June and the second vessel during second half of 2013. In […]

  • 20 July 2012

    Golden Ocean Group Limited (Golden Ocean) has come to an agreement with Zhoushan Jinhaiwan Shipyard Co., Ltd. (Jinhaiwan) on amendment of three of the shipbuilding contracts. The agreement is related to the two Kamsarmax vessels Golden Excellence and Golden Explorer, and the Capesize vessel Golden Nantong. Due to delay in the construction progress the Company […]

  • 18 February 2016
    Business & Finance

    Dry bulk shipping company Golden Ocean Group Limited has entered into a deal to amend all its bank loans and is in talks with yards about further postponements of newbuilding deliveries, and a new equity issue. Under the new deal, starting from April 1, 2016, there will be no amortizations on the company’s bank loans until […]

  • 7 April 2020
    Human Capital

    The Board of Golden Ocean Group Limited has appointed Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS. The appointment comes into effect from April 14, 2020, the Norwegian dry shipping company said. Andersen was the Chief Executive Officer of Avance Gas AS and worked as the Head of Shipping […]

  • 6 June 2007

    Golden Ocean Group Limited (“Golden Ocean” or the “Company”) has agreed to get released from the bare boat agreements for the two 1990 built Panamax vessels “M/V Golden Glory” and “M/V Golden Gem” against purchasing the vessels for $11 million per vessel.

  • 23 November 2012

    Jinhai Heavy Industry is facing more contract cancellations. Namely, John Fredriksen’s Golden Ocean Group has cancelled two of the three newbuilding orders that were supposed to be built at subsidiary shipyard of HNA Group. Primarily, the newbuilding contracts were signed in 2010 with expected delivery in 2012. Later on, Golden Ocean Group announced the amendment […]

  • 4 July 2006

    Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is pleased to advise that the Company has exercised its option for a fourth ice class Panamax at Jiangsu Rong Sheng Heavy Industries. The vessel of 75,000 dwt will be delivered early 2009. The agreed purchase price is USD 34.5 million. The management of Golden Ocean […]

  • 6 March 2007

    Golden Ocean Group Limited (“Golden Ocean” or the “Company”) has agreed to sell its Panamax Bulker “M/V Golden Dena”, for gross sale proceeds of $51.02 million. Delivery to the buyers is expected to take place in June 2007.

  • 14 June 2013
    Business & Finance

    Golden Ocean Group Limited announced that it 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 […]

  • 6 June 2006

    Golden Ocean Group Limited (GOGL) is pleased to advise that the Company has exercised its option for a third ice class panamax at Jiangsu Rong Sheng Heavy Industries. The vessel of 75,000 dwt will be delivered during 2008. The agreed purchase price is USD 34,5 mill. The management of Golden Ocean finds price and time […]

  • 23 November 2012
    Business & Finance

    Jinhai Heavy Industry is facing more contract cancellations. Namely, John Fredriksen’s Golden Ocean Group has cancelled two of the three newbuilding orders that were supposed to be built at subsidiary shipyard of HNA Group. Primarily, the newbuilding contracts were signed in 2010 with expected delivery in 2012. Later on, Golden Ocean Group announced the amendment […]

  • 14 June 2013

    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. […]