Golden Ocean Group is a publicly traded company that markets its common shares on the Oslo Stock Exchange and the NASDAQ Stock Exchange. It uses the ticker symbol GOGL. It is in Hamilton, Bermuda that the company holds its corporate office. Since its inception, the business is known for providing its business partners with reliable transportation services and innovative solutions.
Through its in-depth knowledge in maritime and its state of the art vessels, they are able to continue on attracting new business partners and provide better value to their shareholders. Golden Ocean is best known for forging strong relationships with their clients and business partners. There are four affiliated partners of the company, which provide technical management, commercial and financial operations. These businesses include Frontline, Limited, Ship Finance International Limited, SeaDrill LImited and United Freight Carriers.
Golden Ocean Group is registered as a leading international dry bulk shipping company. As one of the largest players in the industry, the business has a fleet of 70 vessels that include new buildings and those vessels that are chartered on long term contracts. In total, these vessels have a total carrying capacity of 10.6 million dwt (deadweight tonnage). These vessels are flagged in Hong Kong and in the Bermuda. The company continues to focus on the markets of Capesize, Supramax and Panamax. The management services of the company are overseen by its subsidiary the Golden Ocean Group Management (Bermuda) Limited. The business has also subcontracted its services to two other subsidiaries: Golden Ocean Management Asia Pte Ltd. and Golden Ocean Management AS.
The company operates with transparency, strong management team, good corporate governance and competitive costs as its building blocks. The growth of the business is achieved through its strategic acquisition of additional tonnage and by entering into chartering contracts with businesses around the world.
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