Golden Ocean Group (GOGL) says that it has taken delivery of one dry bulk vessel, Q Deb.
"GOGL announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the Company will issue in aggregate 17.8 million consideration shares," said a stock exchange filing of the company.
The Company is pleased to announce that it has taken delivery of one vessel, Q Deb (to be renamed Golden Deb), it added.
Golden Ocean has issued 1,300,000 consideration shares to Quintana Shipping Ltd. and associated companies in exchange for the vessel.
Following this transaction, the Company's issued share capital is USD 6,566,149.60 divided into 131,322,992 issued shares, each with a nominal value of USD 0.05.
GOGL owns and controls a fleet of 70 vessels including newbuildings and vessels chartered in on long term time charter contracts.