Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the "Company" or "Golden

Ocean"), a leading dry bulk shipping company, today announced its results for

the quarter ended March 31, 2019.


Highlights


* Net loss of $7.5 million and loss per share of $0.05 for the first quarter

of 2019, compared with net income of $23.6 million and earnings per share of

$0.16 for the fourth quarter of 2018

* Adjusted EBITDA of $36.0 million for the first quarter of 2019, compared

with $70.4 million for the fourth quarter of 2018

* Refinanced the non-recourse loans for 14 vessels, reducing interest expense

and cash break even levels

* Invested in Singapore Marine, a newly established dry bulk operator

* Announced a cash dividend of $0.025 per share for the first quarter of 2019