Golden Ocean Group has been tipped to offload more of its older panamaxes following an order for three new kamsarmax bulkers in China.

The John Fredriksen-controlled shipowner said on Thursday that the 85,000-dwt dual-fuel-ready ships will be delivered in 2023 and 2024 from an unnamed Chinese shipbuilder that has since emerged to be Dalian Shipbuilding Industry Co.

The price was not disclosed, but Clarksons Platou Securities analyst Frode Morkedal said he expects the owner to be paying around $100m combined.