Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to announce that it has acquired a 2009 Korean built 180,000 dwt Capesize bulk carrier. The vessel is bought jointly on a 50/50 basis with a strategic partner (cargo owner).
Delivery of the vessels is expected to be end of June 2013. The Board is of the opinion that it has obtained a favorable price and considers risk / reward as attractive from a historical perspective.
May 14, 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
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
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
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
HUG#1701479
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