Golden Ocean Group

Infobox Company
company_name = Golden Ocean Group Limited
company_
company_type = Public
foundation = 2004
location = Hamilton, Bermuda
key_people = John Fredriksen (Chairman of the board and CEO)
industry = Shipping
products = Dry bulk shipping
revenue = US $708 million (2007)cite web |url=http://www.goldenocean.no/reports/135378/R/1190571/239694.pdf |title=Annual Report 2007 |publisher=Golden Ocean Group |accessdate=2008-05-27]
operating_income = profit US $242 million (2007)
net_income = profit US $201 million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.goldenocean.no www.goldenocean.no]
intl = yes

Golden Ocean Group (ose|GOGL) 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 lead by Herman Billung (from Klaveness 2005).

References