Golden Ocean Group is a Bermuda registered, Norway based dry bulk shipping company. The company was created as a demerged part of Frontline in 2004 and listed on the Oslo Stock Exchange. 40.3% of the company is indirectly owned by John Fredriksen, through Hemen Holding.
The fleet consists of 24 owned vessels (20 under construction), 22 chartered vessels (7 with purchase options), 7 bare boat vessels (all with purchase options), 10 vessels under commercial management (8 ore-bulk-oil carrier, two capesizes under construction) and 9 sold up on yard delivery. 16 of these are capesize while 56 are panamax, of which 1 capesize and 8 panamaxes are sold when delivered from yard.
Management of the fleet is carried out by the Norwegian company Golden Ocean Group Management AS lead by Herman Billung (from Klaveness 2005).
Golden Ocean Group Limited purchases four Capesize newbuilds.(Golden Ocean Group Limited acquired contract at Daehan Shipbuilding Co Ltd )(Brief article)
Dec 05, 2006; NORDIC BUSINESS REPORT-5 December 2006-Golden Ocean Group Limited purchases four Capesize newbuilds(C)1994-2006 M2 COMMUNICATIONS...