Gogl – acquisition of six newcastlemax vessels

Golden ocean group limited (nasdaq and ose: gogl) ("golden ocean" or the "company"), the world's leading owner of large-size dry bulk vessels, today announces it has entered into an agreement to acquire six modern 208,000 deadweight tons (dwt) vessels equipped with exhaust gas cleaning systems, or scrubbers, for a total consideration of $291 million (the "acquisition"). the newly-acquired vessels will be chartered back to their former owner, an unrelated third party, for approximately 36 months at an average daily time charter equivalent rate of approximately $21,000 net.
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