Golden Ocean Group Limted Essay Example | Topics and Well Written Essays - 2750 words

Golden nautical Group Limted - Essay ExampleGolden Ocean deals with shipping of dry bulk. Primarily, this was the reason that the companionship demerged from Frontline Limited with the companys key bea of specialization being a spin-off of the dry bulk operations of Frontline Limited, the original company. By dry bulk, the company is in the worry of shipping coal, iron ore, ingredients of steel or finished steel, gravel, sand, grain, or any other similar material. Using its own or chartered ships, Golden Ocean Limited delivers the dry bulk based upon the needs of its customers (Golden Ocean, 2010). Each year, the quantity of dry-bulk and customers increases in the shipping industry. Case in point, shipping companies registered a combined growth in shipment of iron ore imports, coal imports, grains, and steel products by much than 250million tons signifying growth (Golden Ocean, 2010). Indeed, these four examples of dry bulk products denote the operations of the company in the d ry-bulk shipping industry.Golden Ocean started its operations with three vessels. However, the companys operations have astronomically grown for the period it has been in operation and more so along the lines of its Capesize and Panamax vessels. On one hand, Capesize vessels are the largest vessels-in terms of capacity-operated by the company with the capacity to carry 110,000-190,000 tons of dead weight. In effect, there are a few seaports, in the world, that can accommodate these vessels due to the infrastructure required to accommodate vessels of this size.