Press Releases

11.11.2013 at 16:41CET

Sale of Handysize bulk carrier

Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to announce that it has sold the 2010 China built 29,200 dwt Handysize bulk carrier Golden Azalea. The vessel was bought in an enblock transaction together with the Capesize Golden Opus in September 2013. Both vessels were owned together with a strategic joint venture partner.

The main reason for the sale is that the size of the vessel is outside the strategy of the Company and the joint venture partner. The combination of the sales price and the favorable terms of the enblock acquisition leave the Company with an attractively priced 2010 built Capesize.

November 11, 2013

The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda

Contact Persons:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 41
Per Heiberg: Acting CFO, Golden Ocean Management AS
+47 22 01 73 45


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.