John Fredriksen-backed bulker owner Golden Ocean Group has tapped the equity market in Oslo again with an offering of shares, some of which were scooped up by its tanker-owning affiliate Frontline.

Golden Ocean said it has raised gross proceeds of NOK 143.6m ($17.3m) in the offering, in which up to 2.71m new shares were floated at a subscription price of NOK 53 each.