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Golden Ocean Group Ltd is receiving all management services from its wholly owned subsidiary, Golden Ocean Group Management (Bermuda) Ltd, who in turn has subcontracted most of its services to Golden Ocean Management AS and Golden Ocean Management Asia Pte Ltd.

During the spring of 2005 Golden Ocean Management AS built its own commercial team with considerable experience from dry cargo chartering (physical and financial) and management under the name Golden Ocean Management AS. The team is utilizing all available instruments in the dry bulk market to maximize profits for its shareholders.

Golden Ocean Group Management (Bermuda) Ltd also contracts various services from Frontline Management Ltd. (Bermuda), which includes technical management and administrative services.