Golden Ocean sells vessel for 121.4 mln usd, nets 46.4 mln usd profit |
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Published
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Tue, 08 Jan 2008 09:11
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OSLO (Thomson Financial) - Norwegian shipping line Golden Ocean said it has sold one of its Capesize newbuilds for 121.4 mln usd, in a transaction that could boost future dividends.'The transaction will give a positive result of approximately 46.4 mln usd,' the company said in a statement.Golden Ocean said the vessel is already fixed out on a five years time charter contract at a rate which is lower than the present market rate.'Management in Golden Ocean is of the opinion that the achieved sales price of the vessel with the contract connected to it represents an attractive deal in today's market,' the company said.'The sale of the vessel is likely to increase Golden Ocean`s dividend capacity going forward,' it added.patrick.mcloughlin@thomson.compm/lamCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Golden Ocean to make gain of 77.9 mln usd on sale of two Panamax vessels 