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Golden Ocean Group Ltd Exhibitor

Presentation
Golden Ocean is a Bermuda-based dry bulk shipping company founded in 1996. It mainly operates in the capesize, panamax and supramax segments, and is listed both on Nasdaq and on the Oslo Stock Exchange. Hemen Holding, controlled by Mr. John Fredriksen, is the largest shareholder.

The company’s owned fleet consists of 83 vessels with an aggregate capacity of 11.8 million dwt. In addition, Golden Ocean has eleven vessels chartered in. In early 2021, the company entered into an agreement to acquire 15 modern dry bulk vessels and three newbuildings for a total of USD 752m from Hemen. The acquisition was 45% financed with newly issued equity capital. The company has historically had a heavy spot-exposure but used the strong market conditions during H1’21 to enter more fixed-rate contracts, while still maintaining significant spot market exposure.

The company has so far paid out USD 0.8/share this year, but given the stronger market we have seen so far during the second half, we would expect another marked uptick in dividends from Q3.
Presenting

Physical

Type of industry

Shipping

Agenda

Golden Ocean

Thursday September 16, 2021 10:15 - 10:35 CEST Stream 1 (Physical)

Contact information

Phone

+ 1 441 295 69 35

Address

Par-la-Ville Place

14 Par-la-Ville Road

Hamilton HM 08

Bermuda

Representatives

Profile image for Ulrik Andersen

Ulrik Andersen SpeakerExhibitor

CEO
Golden Ocean Group Ltd