Traded as OSE: GOGLNASDAQ: GOGL Founded 2004 | Industry Shipping Number of employees 14 | |
 | ||
Type Publicly traded limited company Revenue US $384.9 million (2010) Stock price GOGL (NASDAQ) US$ 7.74 +0.72 (+10.26%)15 Mar, 4:00 PM GMT-4 - Disclaimer Total equity 574.5 million USD (end 2010) Subsidiaries KTL Finsbury Inc, Golden Zhejiang Inc. | ||
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.