Golden Ocean Group

Golden Ocean Group Limited
Publicly traded limited company
Traded as OSE: GOGL
NASDAQ: GOGL
Industry Shipping
Founded 2004
Headquarters Hamilton, Bermuda
Key people
John Fredriksen (Chairman and CEO)
Products Dry bulk shipping
Revenue US $384.9 million (2010)[1]
US $127.4 million (2010)[1]
Profit US $111.1 million (2010)[1]
Total assets US $1.227 billion (end 2010)[1]
Total equity US $574.5 million (end 2010)[1]
Number of employees
14 (end 2010)[1]
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. 40.3% of the company is indirectly owned by John Fredriksen, through Hemen Holding.

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

  1. 1 2 3 4 5 6 "Annual Report 2010" (PDF). Golden Ocean Group. Retrieved 5 May 2011.

External links


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