Golden Opportunity, a 74,500 DWT bulk carrier, image: Golden Ocean Group
Golden Ocean Group Ltd has announced an agreement to buy two ice class Panamax vessel resales built at Pipavav Defence & Offshore Engineering Company. Golden Ocean will take delivery of the vessels ex yard, the first vessel at the start of June and the second vessel during second half of 2013.
These vessels, named Golden Pearl and Golden Diamond. will mark the 8th and 9th ice=class Panamaxes in Golden Ocean’s fleet once delivered, and were bought from an undisclosed third party.
Financing
In connection with the purchase, the seller has provided a 30% seller’s credit towards Golden Ocean for each vessel which is to be repaid over three years in equal installments every January, but the first installment is at earliest 6 months after delivery of the vessel.
Golden Ocean has at the same time obtained regular bank financing of 65% of the contract price. Thus the initial cash payment for the Company in 2013 is limited to 5% of the purchase price for each of the vessels.
Golden Ocean currently has 6 bulk carriers in their newbuild program between 60k DWT and 74.5k DWT.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,871 members that receive our newsletter.
Have a news tip? Let us know.
WASHINGTON, Jan 30 (Reuters) – When Marco Rubio arrives in Latin America this weekend on his first foreign trip as Donald Trump’s secretary of state, he’ll find a region reeling from the new administration’s...
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Vessels in the northern Gulf have received multiple VHF radio challenges, including demands to alter course, the United Kingdom Maritime Trade Operations said on Friday, adding they could be part of an Iranian military exercise.
Maritime and offshore news trusted by our 108,871 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
