Golden Ocean significantly lowers breakeven on 14 capesizes with refinancing

John Fredriksen’s Golden Ocean has entered into a new loan agreement to refinance a $425m credit facility secured by 14 capesize bulkers. The new loan lowers the daily cash break even rate on the financed vessels by more than $1,000 per ship and once the refinancing is finalised the company will have no debt maturities until 2023. Ulrik …

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