Golden Ocean Group Explained

Golden Ocean Group Limited
Type:Public
Traded As:
NASDAQ:
Location:Hamilton, Bermuda
Key People:Ola Lorentzon (chairman)
John Fredriksen (director)
Industry:Shipping
Owner:John Fredriksen (39.6%)
Products:Dry bulk shipping
Revenue:US $885.77 million (2023)
Net Income:US $112.27 million (2023)
Assets:US $3.489 billion (end 2023)
Equity:US $1.922 billion (end 2023)[1]
Num Employees:48
Subsid:Golden Ocean Trading Ltd.
Golden Ocean Management Ltd.
United Freight Carriers LLC

Golden Ocean Group Limited is a Bermuda-registered, Norway- based dry bulk shipping company. The company was created as a demerged part of Frontline in 2004 and is listed on Nasdaq and the Oslo Stock Exchange. 39.6% of the company is owned by John Fredriksen.

The company owns one of the largest dry bulk fleets in the world.

Management of the fleet is carried out by the Norwegian company Golden Ocean Group Management AS led by Interim CEO Peder Simonsen.

Notes and References

  1. Web site: Annual Report 2010 . Golden Ocean Group . 5 May 2011.