GOGL Takes Two More Vessels from Quintana

May 15, 2017

 Golden Ocean Group (GOGL)  said it has taken delivery of additional two vessels, Q Myrtalia and Q Shea, from Quintana Shipping  in exchange for 1.95 million consideration shares.

 
A statement from the company said: "Reference is made to the stock exchange notice dated March 14, 2017 where Golden Ocean Group 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."
 
The Company is pleased to announce that it has taken delivery of the first two vessels, Q Sue and Q Kaki (to be renamed Golden Sue and Golden Kaki). 
 
Golden Ocean has issued 1.6 million consideration shares to Quintana Shipping Ltd. and associated companies in exchange for the two vessels. 
 
Following this transaction, the Company’s issued share capital is USD 5,843,649.6 divided into 116,872,992 issued shares, each with a nominal value of USD 0.05.
 

Logistics News

UN Launches Decade of Sustainable Transport

UN Launches Decade of Sustainable Transport

Action on Russia Should Not Impact Legitimate Shipping, say Cyprus and Malta

Action on Russia Should Not Impact Legitimate Shipping, say Cyprus and Malta

US Has Other Options if Supreme Court Rules Against Tariffs

US Has Other Options if Supreme Court Rules Against Tariffs

MSC, BlackRock's Bid for Hutchison's Barcelona Terminal May Raise Prices

MSC, BlackRock's Bid for Hutchison's Barcelona Terminal May Raise Prices

Subscribe for Maritime Logistics Professional E‑News

Banks back FTSE 100 before Fed decision
After US tanker seize, over 30 ships sanctioned by the US are at risk in Venezuela
US lawmakers and NTSB claim military helicopter proposals would make skies unsafe