World's biggest listed bulk carrier soon a reality

The merger of John Fredriksen's two dry bulk carriers will be approved by the Boards during the next two months. This will create the world's biggest listed dry bulk carrier.

Photo: Golden Ocean

When shareholders in Norwegian dry bulk carrier Golden Ocean meet for the Annual General Assembly in December, they will vote yes to the merger with Knightsbridge Shipping, which - like Golden Ocean - is owned by Norwegian John Fredriksen. The new player will operate under the name Golden Ocean Group Limited, according to Danske Bank's expectations as put forth in an analysis ahead of Golden Ocean's interim report on Friday.

"At December's AGM, we expect shareholders to vote in favour of the proposed merger with Knightsbridge Shipping, making Golden Ocean the largest publicly listed dry bulk company," says Danske Bank, which expects a weak quarter from the carrier.

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