Oslo-listed Golden Ocean revealed last night it hadpenned a contract for two eco newbuildings at Japan Marine United.

Nicolay Dyvik of DNB Markets saysthe deal is a shock as with Frontline 2012 flying the eco flag for theFredriksen group, Golden Ocean was expected to expand via second hand buys.

“Secondly,it was unexpected that the company enters the lower risk supramax segment whererare volatility is lower due to higher cargo flexibility,” Dyvik said.