Golden Ocean could exit the ultramax market entirely should the right offer arrive for its remaining two vessels in the sector, its chief executive says.
John Fredriksen’s Golden Ocean this morning announced the $142.5m sale of six of its eight ultramaxes with Scorpio Bulkers believed to be the buyer.
Birgitte Ringstad Vartdal, chief executive of Golden Ocean Management, tells TradeWinds the company has kept three of the ships un-financed and the offer was a good move to free up “significant cash”.
