Fredriksen merges his dry bulk giants

Norwegian Golden Ocean and Knightsbridge are now merging and thus creating one of the largest dry bulk carriers in the world. The company's Board of Directors believes in further consolidation in a weak market.

BY KATRINE GRØNVALD RAUN

John Fredriksen's Golden Ocean and Knightsbridge will not just share the major Capesize vessels; the two carriers will now be merged together into one company, according to a joint corporate statement from the two companies.

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John Fredriksen continues his investment strategy
Dry bulk fails Golden Ocean's expectations
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Golden Ocean has strong faith in new growth
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