Golden Ocean buys two ice-class panamaxes

Golden Ocean will take delivery of the first vessel at the start of June and the second vessel during the second half of this year.

Financial details of the deal were not disclosed but Golden Ocean said it has obtained regular bank financing of 65% of the contract price.

“The price of the vessels reflects the current market price, bearing in mind the additional requirements for an ice class vessel. The company will in total have nine fairly identical ice-class vessels once these are delivered and see this as an attractive niche,” the company said.

Golden Ocean claimed that since the first ice-class vessel was delivered to them five years ago, the company has been able to achieve a premium compared to the prevailing spot market during the winter season.

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