Golden Ocean shares raced up by more than one-fifth this morning after the John Fredriksen-backed company unveiled a much anticipated restructuring.
Analysts, who had been expecting action to boost the balance sheet in the face of a depressed dry cargo market, applauded a loan holiday backed by a $200m equity injection.
Golden Ocean also continued efforts to postpone newbuiding deliveries that has been a theme of successive quarterly reports.
Eirik
