GoldenOcean has shelled out over NOK 17m ($2.9m) on its own stock in less than 48hours under a repurchasing programme that began at the end of May.
The Oslo-quoted shipowner holds now 4,333,373shares after picking up 4,183,673 yesterday and another 86,489 today at anaverage price of around NOK 4.00 a piece, according to securities filings.
“AssumingGolden Ocean will cancel the shares, we estimate a net asset value impact ofNOK 0.06
