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Golden Ocean in Capesize venture with four bulk carriers

Five bulk shipowners, including Golden Ocean and Star Bulk, have made a cooperative agreement for a joint venture under the name Capesize Chartering Ltd. to strengthen their position in the tough bulk market.

Photo: Golden Ocean
BY LOUISE VOGDRUP-SCHMIDT

In the midst of the bulk crisis five shipowners are now joining forces to create a new company with the largest dry bulk vessels, under the name Capesize Chartering Ltd.

These include the big player Golden Ocean along with Bocimar International, CTM (C Transport Holding Ltd.), Golden Union Shipping Co. and the expanded Star Bulk.

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