Norwegian shipping group Golden Ocean Group Limited said on Tuesday it would buy four dry-bulk ships from Daehan Shipbuilding Co in South Korea for $72.25 million per vessel. The ships of 170,000 dwt will be delivered between May 2008 and January 2009, Golden Ocean said in a statement.
"The board of Golden Ocean finds the combination of price and time of delivery attractive, and a right step forward in its growth strategy, it said in the statement.
Golden Ocean has an option for four additional vessels which can be delivered between April 2009 and January 2010. The company also said, "Given the positive outlook for global steel production and the age profile of the existing cape size fleet, the management has a bullish market view for this sector going forward."
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