Gogl - agreement for construction of three kamsarmax vessels

Golden ocean group limited (nasdaq and ose: gogl) ("golden ocean" or the "company"), one of the world's largest listed dry bulk shipowners, today announces that it has entered into an agreement for the construction of three high-specification latest generation 85,000 dwt eco-type kamsarmax vessels, which will be constructed at a first-class chinese yard. the vessels will be equipped with the latest and most efficient propulsion system, contributing with significant improvements in fuel consumption and emissions performance. the vessels are dual-fuel ready, giving the company time to evaluate alternatives while the visibility of future regulations and optimal technology improves. the vessels are scheduled to deliver from q3–2023 to q1-2024. golden ocean intends to finance the acquisition with operating cash flow and cash on hand and will establish long-term debt financing closer to delivery. ulrik andersen, ceo of golden ocean management as commented:
GOGL Ratings Summary
GOGL Quant Ranking