GOGL - Sale of Handysize bulk carrier

Golden Ocean Group Limited is pleased to announce that it has sold the 2010 China built 29,200 dwt Handysize bulk carrier Golden Azalea. The vessel was bought in an enblock transaction together with the Capesize Golden Opus in September 2013. Both vessels were owned together with a strategic joint venture partner.

The main reason for the sale is that the size of the vessel is outside the strategy of the Company and the joint venture partner. The combination of the sales price and the favorable terms of the enblock acquisition leave the Company with an attractively priced 2010 built Capesize.
Source: Golden Ocean Group Ltd.