The combination will see the two outfits’ 72 vessels and newbuildings join under Knightsbridge’s New York-listed legal entity, which will then take on Golden Ocean’s name.
"By combining Knightsbridge and Golden Ocean we seek to create a company with a unique fleet and strong balance sheet and build one of the world's leading dry bulk shipping companies,” said Knightsbridge chief executive officer and chairman Ola Lorentzon.
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