Golden Ocean Group chief commercial officer Thomas Semino has stepped down from his role, the Bermuda-based bulker owner announced on Friday.

Semino, who is based in Golden Ocean's office in Singapore, will make himself available in the near term to help the New York-listed company with a smooth transition of responsibilities.

"The company and Mr Thomas Semino, chief commercial officer of Golden Ocean Management, have reached an agreement pursuant to which Mr Semino will be stepping down from his current role," Golden Ocean said.