GOGL Takes Delivery of One More Dry Bulker

zoomQ Ioanari; Image Courtesy: Quintana Shipping Bermuda-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of Q Kennedy, a Post-Panamax dry bulk carrier, from Greek Quintana Shipping.  In exchange for Q Kennedy, which will be renamed to Golden Kennedy, GOGL has issued 1.7 million consideration shares to Quintana and associated companies. Following this transaction, the companys issued share capital is USD 5,893,649.6 divided into 117,872,992 issued shares, each with a nominal value of USD 0.05. The 85,000 dwt ship was built at Japanese Sasebo shipyard in 2015. Its market value currently stands at USD 25.47 million, VesselsValues data shows. In March this year, GOGL entered into agreements to acquire a total of sixteen dry bulk vessels including Q Kennedy from Quintana in an all-share transaction where the company will issue 17.8 consideration shares and assume debt of USD 285.2 million. The first two ships from the batch were handed over to GOGL in late April.