Golden Ocean has rejigged the terms of one of its loans to finance a major investment in scrubbers.
The John Fredriksen-controlled owner has extended the tenor of its existing $420m term loan facility to partially finance installing the systems on up to 11 vessels.
The loan, which is for 14 vessels, has been extended by three years from June 2020 to June 2023 at a rate of Libor +250 bps, the company's 2018 financial report said.
