Printable version
Newsletter
sign up
Solvang cited
US Coast Guard port inspections result in detention of Norwegian gas carrier, OSG tanker, ER Schiffart boxship and others.
Singapore bound
John Fredriksen’s bulker outfit Golden Ocean looks poised for a secondary stock listing in Singapore.
Golden Ocean is set for a secondary listing in Singapore
The exact timing of the listing in Singapore is not yet decided, but Golden Ocean said anticipates that it will take place in the near future.
Golden Ocean said it started a process to pursue a secondary listing in Singapore back in November with the aim of tapping into the growing Asian investor market.
“The company already has a substantial operational presence in Asia and views a listing in Singapore as a natural next step in its corporate development.”
Golden Ocean has had a chartering office in Singapore since late 2005. It is run by drybulk industry veteran Anders Zorn.
Golden Ocean Management Asia Pte is a fully integrated part of Golden Ocean’s commercial activities with a focus on local business development.
The move follows a tie-up between the Oslo Bors and the Singapore Exchange to promote the secondary listing of companies on each other’s exchanges.
The agreement, which was signed in early July 2009, look to have achieved little in the way of success, until now that is.
It was aimed at promoting the secondary listing, or dual-listing, of companies on each other’s exchanges.
The initial focus was to be on companies in the energy, offshore and shipping sectors which are key sectors common to both exchanges.
Oslo boasts a total of 136 and Singapore 47 companies in these three sectors with a combined market capitilisation of SGD185bn ($126bn).
Golden Ocean was listed on the Oslo Stock Exchange on 15 December 2004 after being spun-off from Frontline earlier that year.
 Golden Ocean Group |
| Last | +/- % | +/- | High | |
|---|---|---|---|---|
| NOK | 4.52 | 1.57% | 0.07 | 4.58 |
Latest News
Sanko Mineral still in custody
Cobelfret won’t be given a better seat at the bargaining table after dropping claim as talks to free ship continue, Sanko says.
Let’s make a deal
Creditor frees chemical tanker caught in the middle of $55m charter battle after penning new pact with Berlian Laju.
Golar LNG Partners downed
John Fredriksen's FSRU spin-off sees Q1 earnings eroded by costs of adding Golar Freeze, but margins improve.
Boyden back in business
Former Cantor Fitzgerald analyst wastes no time in starting up shipping coverage after clocking on at Global Hunter Securities.
MOL joins rivals
Japanese owner adding one post-panamax to Middle East service operated by K Line and others.
DFDS falls to a loss
But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.
Dung on the run
Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.
Will you see an end product?
Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.
Dark day for boxship
Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.
Vale rubbishes boycott talk
Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.
Yard window wide open
Deutsche Bank spots an opportunity for investors in South Korea’s major shipbuilders despite economic black clouds.
Top Jobs
Latest Positions
