Golden Ocean Group has reportedly sold off its oldest panamax bulkers at a time when market indicators show declining prices in the sector.
Shipbrokers in the US and UK reported that the John Fredriksen-based bulker owner has sold the 75,500-dwt Golden Strength (built 2009) and Golden Ice (built 20089) for a total of between $30m to $31m. The siblings were built at Jiangsu Rongsheng Heavy Industries in China.
