Golden Ocean Group
 | |
| Publicly traded limited company | |
| Traded as |
OSE: GOGL NASDAQ: GOGL |
| Industry | Shipping |
| Founded | 2004 |
| Headquarters | Hamilton, Bermuda |
Key people | John Fredriksen (Chairman and CEO) |
| Products | Dry bulk shipping |
| Revenue | US $384.9 million (2010)[1] |
| US $127.4 million (2010)[1] | |
| Profit | US $111.1 million (2010)[1] |
| Total assets | US $1.227 billion (end 2010)[1] |
| Total equity | US $574.5 million (end 2010)[1] |
Number of employees | 14 (end 2010)[1] |
| Website | www.goldenocean.no |
Golden Ocean Group is a Bermuda registered, Norway based dry bulk shipping company. The company was created as a demerged part of Frontline in 2004 and listed on the Oslo Stock Exchange. 40.3% of the company is indirectly owned by John Fredriksen, through Hemen Holding.
The fleet consists of 24 owned vessels (20 under construction), 22 chartered vessels (7 with purchase options), 7 bare boat vessels (all with purchase options), 10 vessels under commercial management (8 ore-bulk-oil carrier, two capesizes under construction) and 9 sold up on yard delivery. 16 of these are capesize while 56 are panamax, of which 1 capesize and 8 panamaxes are sold when delivered from yard.
Management of the fleet is carried out by the Norwegian company Golden Ocean Group Management AS led by Herman Billung.