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Golden Ocean authorises $54m in share buybacks

The dry bulk shipper became the latest maritime company to authorise stock repurchases ahead of the new year with up to $54m in buybacks planned between now and December 20, 2019. The purchases will be made at the company’s discretion based on factors that include stock price, market condition and alternative uses of capital

The stock’s rapid decline in the past three months offers attractive valuations

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