Golden Ocean Group Secures Timecharter

February 6, 2008 Golden Ocean Group secured a time charter contract for its Capesize vessel Channel Navigator.

The 172,000 dwt vessel was fixed out on a five-year contract beginning by the end of April 2009. The daily charter rate is $53,500 less 3.75% commission. Golden Ocean Group on Monday also announced a ten year time charter contract for a Capsize tanker currently under construction at the Zhoushan Jinhaiwan Shipyard in China.

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