ShippingWatch

Golden Ocean to raise USD 100 million for vessels

Listed bulk carrier Golden Ocean will take over vessels from companies controlled by John Frediksen.

Photo: Golden Ocean/PR

Golden Ocean, a bulk carrier controlled by Norwegian shipping magnate John Fredriksen, will raise USD 100 million from a group of institutional investors.

The proceeds will primarily be used to purchase two capsize vessels at USD 43 million each from companies related to Fredriksen's Hemen Holding, reveals Golden Ocean in a press release.

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