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Golden Ocean to buy 18 bulk ships from Fredriksen companies

Norway's Golden Ocean is on track to buy 18 dry bulk ships from a series of companies under John Fredriksen's Hemen Holding. The shipping company will finance the acquisition by issuing shares, with Fredriksen buying half of the shares.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Norwegian dry bulk operator Golden Ocean is negotiating an acquisition of 18 bulk ships from subsidiaries under John Fredriksen's Hemen Holding, says Golden Ocean in a press release. Golden Ocean is also controlled by John Fredrisen.

The 18 ships are all equipped with scrubbers and consist of 10 newcastlemaxes and 8 kamsarmax ships, and they will cost Golden Ocean USD 752 million.

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