On Tuesday, Golden Ocean Group Limited announced its intention to sell 2,438,199 shares of Knightsbridge Tankers Limited, which were received as partial payment for the sale of the two Capesizes, Golden Future and Golden Zhejiang to Knightsbridge. The shares closed that day at $14.85 suggesting gross proceeds of approximately $36.2 million at the upper end. The share sale will eliminate Golden Ocean’s position in its entirety.