John Fredriksen’s Golden Ocean has swept up Quintana Shipping of Greece this week in a $364m all-shares deal that shows a further strengthening of bulker asset values.
New York and Oslo-listed Golden Ocean also took two vessels from Fredriksen’s Hemen Holdings, in deals worth a combined $412.4m and increasing its fleet by one-quarter overnight.
Quintana, which in the past week had officially withdrawn papers for its own stock-listing in New York, will take a stake of around 11% in Golden Ocean.
