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Last 5.30 NOK
Change Today -0.45 / -7.83%
Volume 616.3K
GOGL On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 10:25 AM 02/8/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Par-la-Ville Place

14 Par-la-Ville Road

PO Box HM 1593

Hamilton, 08

Bermuda

Phone: 441-295-6935

Fax: 441-295-3494

Golden Ocean Group Limited, an international shipping company, specializes in the transportation of dry bulk cargoes. As of March 31, 2015, the company owned 47 vessels and had 25 newbuildings under construction. In addition, the company has four vessels chartered-in and one vessel owned through a joint venture. Six of the vessels are chartered out on fixed rate time charters and the remainder operates in the spot market or is fixed on index-linked time charter contracts. Business Strategy The company’s business strategy is to operate a diversified fleet of dry bulk carriers with flexibility to adjust its exposure to the dry bulk market depending on existing factors such as charter rates, newbuilding costs, vessel resale and scrap values and vessel operating expenses resulting from, among other things, changes in the supply of and demand for dry bulk capacity. Regulations The operation of the company’s vessels is affected by the requirements contained in the International Safety Management code for the safe Operation of Ships and for Pollution Prevention, promulgated by the International Maritime Organization under Safety of Life at Sea of 1974.

 

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