Golden Ocean building four Capers

Bermuda-based Golden Ocean Group Limited has ordered four Capesize 170,000DWT bulk carriers from Daehan Shipbuilding in South Korea at a cost of $72.25 million each. The newbuildings will be delivered between May 2008 and January 2009. The order contains an option for additional four vessels which can be delivered between April 2009 and January 2010.