Oslo-listed Golden Ocean says it has taken the additional 50% interest in the 179,000-dwt Golden Magnum (built 2009).
Golden Ocean explains it believes there is still some upside to asset values compared with the fair price its partner offered.
“Through the acquisition Golden Ocean increases its exposure toward the capesize market and with prompt delivery it is expected that the vessel will contribute positively to the company's cash flow from the end of present quarter,” a statement said.
