Golden Ocean places order for three dual-fuel vessels

Golden Ocean Group has placed an order for the construction of three dual-fuel kamsarmax bulk carriers, and offloaded two 2015-built ultramax vessels.

It currently has seven ships under construction at China’s Dalian Shipbuilding Industry Corp (DSIC), and the 85,000 dwt eco-type trio will be built at the same shipyard and delivered in the third quarter of 2024.

Golden Ocean said it expects to book a gain of $22m and receive net cash proceeds of about $41m, which will fund the expected equity portion payable for the kamsarmax trio.