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Golden Ocean Adds New Vessels

Maritime Activity Reports, Inc.

November 20, 2017

 Golden Ocean Group Limited (GOGL) announced that it has entered a deal to acquire two Capesize bulk carriers from affiliates of Hemen Holding Limited at a purchase price of $43 million per vessel.

 
Hemen Holding is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family (Hemen), the company's largest shareholder.
 
GOGL has already taken delivery of one of the vessels, the 2016-built Sea Behike, to be renamed Golden Behike.
 
Golden Ocean has issued 2,000,000 shares to Hemen as part of the purchase price for the vessel. Following this transaction, the company's issued share capital is $7,106,884.85 divided into 142,137,697 issued shares, each with a nominal value of $0.05.
 

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