Sources say Golden Ocean is in the process of landing a time-charter contract for 15 capesize newbuildings. The deal involving RWE is said to cover three to five-year time charters, as reported by TradeWinds’ online service.

Golden Ocean chief executive Herman Billung declined to comment when approached by TradeWinds.

The structure of the deal means the newbuildings will be taken by the energy company on spot-related terms, plus 20%, say sources, who regard it as a firm rate given the current spot market, which is running at less than $5,000 per day.