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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, owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. The company’s vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. As of March 31, 2015, and following completion of the Merger, the company owned 47 vessels and had 25 newbuildings under construction. In addition, the company had four vessels chartered-in and one vessel owned through a joint venture. Six of the vessels were chartered out on fixed rate time charters and the remainder operated in the spot market or was 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. Environmental and Other Regulations The operation of the company’s vessels is affected by the requirements contained in the IMO's International Safety Management code for the safe Operation of Ships and for Pollution Prevention, promulgated by the International Maritime Organization under the IMO International Convention for the Safety of Life at Sea of 1974.

 

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