Oslo-listed Golden Ocean today canned its last capesize and two panamaxes on order at Jinhai Heavy Industries amid talk fresh investments were in the offing.
Erik Nikolai Stavseth of Arctic Securities says it is positive to see the cancellations, but notes the two culled panamaxes were attached to charter contracts which now also appear dead.
He says Golden Ocean penned the panamaxes at $36m, way above the $24m they are worth today.
“However, the two vessels had charter parties attached which we valued at $10.5m
