Delivery of newbuilding

Golden Ocean Group Limited took delivery of the second capesize newbuilding contracted in December 2006 from Daehan Shipbuilding Co., South Korea.

As announced on January 8, 2008 the vessel is sold to a third party and the vessel is now successfully delivered to the buyer.  The transaction will give a positive result of approximately $46 million, and this will be recorded in Q3 2008.   

Source: Transportweekly