

(Posted on 22/11/19)
Golden Ocean Group Limited has announced that Ms. Birgitte Ringstad Vartdal, CEO of Golden Ocean Management AS, has submitted her notice of resignation. Ms. Vartdal has held the position as CEO since April 2016, and before that served as CFO since June 2010.
Golden Ocean Group Limited is a leading international dry bulk shipping company founded in 1996 and based in Bermuda. Golden Ocean is mainly operating in the Capesize, Panamax and Supramax segments and the Company is listed on NASDAQ and the Oslo Stock Exchange. The Company owns and controls a fleet of 77 vessels including vessels chartered in on long term time charter contracts. Golden Ocean provide customers with flexible and reliable transportation services and develop strong industry relations with partners and customers.
The Company has appointed Ola Lorentzon, the Chairman of the Board of Golden Ocean, as interim CEO and will initiate the search for a new CEO immediately. Ms. Vartdal will step down as a CEO on November 30, 2019 and will remain available to the Company until the end of February 2020.
Ms. Vartdal commented: “I have had 10 fantastic years with Golden Ocean and am pleased with the development of the Company during this period. The Company is now in a solid financial position, just delivered its best quarterly result since 2013 and is well prepared ahead of IMO 2020. I am proud of what all our dedicated and knowledgeable colleagues have created, and I am confident that Golden Ocean has a bright future”
Mr. Lorentzon commented: “I would like to thank Birgitte for her efforts throughout the last 10 years, first as CFO and then as the CEO since 2016. Birgitte has had an important role in the management and development of the Company. I wish Birgitte all the best for the future. ”
The technology group Wärtsilä has been selected to supply a comprehensive package of solutions... Read more
The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and... Read more
Jamaica has confirmed its position at the heart of international maritime legislature after being re... Read more
Leading Classification Society ClassNK has concluded a joint research agreement for developing... Read more
Tromsø-based Dualog and Tokyo-headquartered NYK, one of the world’s largest shipping companies... Read more
Seafarers who are helping to make working life at sea safer for their industry colleagues have been... Read more
Torvald Klaveness has for decades had a strong presence in the dry bulk shipping market. Klaveness Combination... Read more
Fleet Management has celebrated ‘on turning 25’ with a grand cocktail party hosted at Four... Read more
Singapore Shipping Association (SSA) in conjunction with the Maritime and Port Authority of Singapore... Read more
Maritime trade between Arctic destinations and the rest of the world is expected to expand and an increasing... Read more