Golden Ocean buys six Newcastlemax vessels for $291m

Capt. John

Dry bulk shipping company Golden Ocean Group (GOGL) has reached a $291m deal for the purchase of six Newcastlemax vessels.

The 208,000 deadweight ton (dwt) vessels are all installed with exhaust gas cleaning systems or scrubbers.

GOGL will charter the purchased vessels back to their former owner for roughly 36 months at an average daily time charter equivalent rate of around $21,000 net.

The company will fund the current transaction through a new $233m credit facility, which is said to be secured...

https://www.ship-technology.com/news/golden-ocean-buys-six-newcastlemaxes/

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