Golden Ocean Group has revealed a deal to sell its only supramax. The John Fredriksen-backed dry bulk player said in its third-quarter earnings report that it picked up a chartered-in vessel and then sold it for $21.6m.
Industry databases show the 2015-built 58,100 dwt Golden Hawk has been on a long-term charter from Doun Kisen of Japan.
has been on a long-term charter from Doun Kisen of Japan.Golden Ocean said it lifted a purchase option it had on the supramax paying $15.3m to take full ownership of the vessel before the sale—that should bring in around $6m in cash after delivery to an unnamed new owner in the fourth quarter of 2023.
The Nasdaq- and Oslo-listed company, with a fleet of over 90 ships, booked a third-quarter net profit of $27.8m, down from $34.9m in the previous quarter.
The sale of one panamax unit has also been concluded, most likely the 2011-built Golden Suek, now Polar Lady, for a gain of about $0.8m and net cash proceeds of $7.2m. Brokers have also reported Golden Ocean recently offloading the 2012-built panamax Golden Bull for around $16m.
