John Fredriksen’s Golden Ocean appears to have put a lid on hostilities with embattled Korea Line Corp.

John Fredriksen.

Golden Ocean had two panamaxes on long-term contracts with KLC when it filed for bankruptcy protection a year ago and the Oslo-listed owner has been a fierce critic of restructuring efforts.

Today, as it reported its fourth quarter results, Golden Ocean revealed it had reached an agreement with KLC.

The