While the Golden Excellence and Golden Explorer have been shredded, Golden Ocean reveals it is in the market for both newbuildings and second hand ships.
Oslo-listed Golden Ocean, which was widely tipped to trim its orderbook ahead of its third quarter report, is looking for the return of $45.8m from Jinhai Heavy Industries following the cancellation.
Analysts welcomed the owner’s decision to swing the axe and tipped more of its existing newbuildings to be erased.
“We have expected GOGL to cancel vessels, but the two vessels cancelled did have TCs attached and as such we see it as likely that the move was initiated by the charterers moving away from the contract – leading to GOGL cancelling the vessels,” said Erik Nikolai Stavseth...
