Fredriksen in capesize coup
John Fredriksen’s Golden Ocean Group is in the process of landing a major timecharter deal for 15 capesize bulker newbuildings, sources say.
John Fredriksen and Herman Billung
The deal is said to be concluded with the German energy firm RWE and will run for three to five years.
Herman Billung, chief executive of Golden Ocean, declined to comment when contacted by TradeWinds.
The structure of the deal means the newbuildings will be taken by RWE on spot market related terms, plus 20\%, TradeWinds understands.
Sources say this is a firm rate given today’s spot market which is running at less than $5,000 per day.
Fredriksen is in the process of merging his two bulker owning companies, Golden Ocean and Knightsbridge Shipping, which will create a fleet of72 bulkers – half of which are newbuildings, including 46 capesizes.
