Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to announce that it has concluded two newbuilding contracts for 60,000 dwt Supramax bulk carriers with Japan Marine United Corporation ("JMU") in Japan.
The design provided by JMU represents the future design Supramax bulk carriers with the latest technology available in order to secure fuel efficiency. The vessels are expected to be delivered during the first quarter of 2015. The Board is of the opinion that it has obtained favorable terms, attractive pricing and considers risk / reward as attractive from a historical perspective.
April 1, 2013
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
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
