John Fredriksen's Golden Ocean has snapped up two capesize bulkers from the Norwegian-born billionaire to continue an active year of sale-and-purchase activity for the public company.
It is issuing fresh equity to help support the $86m addition of two capesize bulkers from Fredriksen's Hemen Holding, according to a statement on Monday.
The $100m stock issue, including fresh shares worth $34m to be printed for Hemen, will see the bulker owner back in compliance with its loan covenants and remove restrictions on acquisitions and dividend.
