Golden Ocean Group, backed by John fredriksen, has placed orders for three dual-fuel kamsarmax bulk vessels and has offloaded two 2015-built megaships.

The Nasdaq- and Oslo-listed barge company is currently building seven vessels at China's Dalian Shipbuilding Industry Group Corporation (DSIC). The three 85,000-dwt eco-vessels will be built at the same shipyard and delivered in the third quarter of 2024 and the first quarter of 2025, the company said. No price has been disclosed yet.

Meanwhile, seven-year-olds Golden Cecilie and Golden catherine sold for $63 million to an undisclosed buyer. Golden Ocean said it expects to record earnings of $22 million and net cash receipts of about $41 million, which will be used to pay for the expected equity portion of the kamsarmax trio.

Ulrik Andersen, CEO of Golden Ocean Management, which owns 66 bulk carriers according to VesselsValue, said: “Golden Ocean is committed to maintaining one of the largest and most modern fleets in the industry. In the process, the company will continue to Improve the fuel efficiency of its fleet to ensure best-in-class performance with a reduced carbon footprint. Importantly, all of our new buildings are dual-fuel, which will provide us with improved emissions-related regulations and technologies in the future Evaluating options for advancement provides flexibility.”

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