John Fredriksen’s Golden Ocean Group (GOGL) has announced more refinancing measures to combat appalling dry cargo markets.
The bulker owner said it will strengthen its balance sheet by amending bank loans, further postponing newbuildings and selling new shares.
“The refinancing creates a comfortable liquidity position while preserving an attractive and leveraged exposure to the dry bulk market,” it said.
GOGL has been pushing back vessel deliveries and selling ships in record-low markets in the last year.
It
