Bulker owner Golden Ocean Group has confirmed the sale of a panamax vessel to an undisclosed buyer for net consideration of $15.8m.
The company didn’t reveal the name of the vessel but said it will be delivered to its new owner in 2024 and the gain from the sale of approximately $1.4m will be recorded upon delivery.
The shipowner, which is listed in Oslo and on the Nasdaq, completed a purchase and sale of a supramax vessel, recording a gain of $5.8m upon delivery of the vessel to its new owner.
Specifically, the company declared an option under an existing time charter contract with an unrelated third party to acquire a chartered-in supramax vessel at a net purchase price of around $15.3m.
The shipowner sealed a deal to sell the supramax vessel to an unrelated third party, for a total consideration of $21.6m.
The vessel was delivered to its new owners in the fourth quarter of 2023, and the bulker owner recorded a gain from the sale of approximately $5.8m.
Meanwhile, it added in its fleet portfolio six out of the ten ordered kamsarmax newbuildings. The vessels were delivered to the owner with the total costs of $219.5m.
The company claims that it had capitalized costs of $54.8m relating to construction contracts for four remaining kamsarmax newbuildings.
Furthermore, the owner signed this month a $360m sustainability-linked credit facility to refinance a fleet of 20 vessels.
It also received credit approvals for a $180m credit facility to refinance six newcastlemax vessels.
The company’s fleet currently consists of 52 capesize and 31 panamax owned vessels, eight capesize vessels chartered in on long-term leases with profit-sharing arrangements and three 85,000 dwt kamsarmax vessels on order.
