Golden Ocean Group

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Golden Ocean Group Limited

Type	Publicly traded limited company
Traded as	OSE: GOGL Nasdaq: GOGL
Industry	Shipping
Founded	2004
Headquarters	Hamilton, Bermuda
Key people	Ola Lorentzon (Chairman and CEO) John Fredriksen (Independent director)
Products	Dry bulk shipping
Revenue	US $705.80 million (2019)[1]
Net income	US $37.19 million (2019)
Total assets	US $1.227 billion (end 2010)
Total equity	US $574.5 million (end 2010)[2]
Owner	John Fredriksen (35%)
Number of employees	214
Subsidiaries	Golden Ocean Trading Ltd. Golden Ocean Management Ltd. United Freight Carriers LLC
Website	www.goldenocean.no

Golden Ocean Group is a Bermuda registered, Norway based dry bulk shipping company. The company was created as a demerged part of Frontline in 2004 and listed on the Oslo Stock Exchange. 35% of the company is owned by John Fredriksen.^[1]

The fleet consists of 24 owned vessels (20 under construction), 22 chartered vessels (7 with purchase options), 7 bare boat vessels (all with purchase options), 10 vessels under commercial management (8 ore-bulk-oil carrier, two capesizes under construction) and 9 sold up on yard delivery. 16 of these are capesize while 56 are panamax, of which 1 capesize and 8 panamaxes are sold when delivered from yard.

Management of the fleet is carried out by the Norwegian company Golden Ocean Group Management AS led by Herman Billung.

References[]

External links[]

• Official website

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