GOLDEN OCEAN FIXES KAMSARMAX DUO
In move it says shows its ?ability to generate strong returns also in a long term perspective? John Fredriksen-controlled dry cargo shipping company Golden Ocean Group has fixed out on time charter two of its kamsarmax newbuildings being built in China by Zhoushan Jinhaiwan Shipyard.
A statement says: ?The Company will take delivery of a total of 8 vessels of this size between September 2009 and March 2011 and the two units chartered out on time charter will be delivered to their Charterers during the second half of 2010 for a period of five years.?
The agreed daily time charter hire is $28.000 less 5% total commission, which the company says will write down the assets to less than 50% of the original contract based on 15% return on equity. The charter deal follows a number of lucrative sales of newbuildings by Golden Ocean.