17/01/2014at 15:59

Fearnley predicts Golden Ocean acquisition

Norwegian Golden Ocean will raise up to USD 200 million by issuing bonds, and could well use the fresh capital to acquire the fleet of carrier Greenship Bulk Trust, says the analyst.

BY KATRINE GRØNVALD RAUN

Golden Ocean is rumored to work on an acquisition of 20 dry bulk vessels from Greenship Bulk Trust, which is listed on the OTC Stock Exchange in Oslo, says Norwegian analysts Fearnley after Golden Ocean on Friday morning announced that the carrier plans to raise as much as USD 175-200 million by issuing shares with a five-year maturation period.

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