Golden Ocean Group exercises option for 8 Capesizes

Golden Ocean Group Limited announced that it has declared the purchase options for eight Capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation. The total purchase price is $112 million en-bloc, and the options have been declared in connection with the 10-year anniversary of the charter-in agreements.

The acquisition will be financed through a new $90 million revolving credit facility subject to customary documentation and closing procedures, and cash on hand. It is expected that the acquisition will be completed during Q3 2025.