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Golden Ocean takes delivery of dry bulk vessel

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Dry Bulk,

On 14 March 2017, Golden Ocean Group Ltd made a stock exchange notice announcement that it had entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the company will issue in aggregate 17.8 million consideration shares.

Following this, the company has announced that it has taken delivery of additional one vessel, Q Gayle (to be renamed Golden Gayle). Golden Ocean has issued 1.8 million consideration shares to Quintana Shipping Ltd and associated companies in exchange for the vessel.

Following this transaction, the company's issued share capital is US$6,206,149.60 divided into 124,122,992 issued shares, each with a nominal value of US$0.05.

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Dry bulk shipping market