Golden Ocean to book $29 million gain on settlement

By: | at 08:00 PM | Breakbulk & Projects  

Golden Ocean, the dry bulk arm of shipping tycoon John Fredriksen’s business empire, settled a long standing dispute and will book a $29 million income in the second quarter as a result, it said.
The dispute related to the 2010 delivery of one of the company’s vessels on a then 10-year charter agreement, it said in a statement. (Reuters)