| | | | | | | | |
| Name | Country of Incorporation | Ownership and Voting Percentage |
| Golden Ocean Group Management (Bermuda) Ltd | Bermuda | 100% | |
| Golden Ocean Management AS | Norway | 100% | |
| Golden Ocean Trading Ltd | Bermuda | 100% | |
| Golden Ocean Shipping Co Pte Ltd | Singapore | 100% | |
| Golden Ocean Shipholding Ltd | Bermuda | 100% | |
| Golden Ocean Holdings Ltd | Bermuda | 100% | |
| Golden Arima Inc | Liberia | 100% | |
| Golden Beppu Inc | Liberia | 100% | |
| Golden Brilliant Inc | Liberia | 100% | |
| Golden Crystal Inc | Liberia | 100% | |
| Golden Daisy Inc | Liberia | 100% | |
| Golden Diamond Inc | Liberia | 100% | |
| Golden Eclipse Inc | Liberia | 100% | |
| Golden Empress Inc | Liberia | 100% | |
| Golden Endeavour Inc | Liberia | 100% | |
| Golden Endurer Inc | Liberia | 100% | |
| Golden Enterprise Inc | Liberia | 100% | |
| Golden Feng Inc | Liberia | 100% | |
| Golden Ginger Inc | Liberia | 100% | |
| Golden Ice Inc | Liberia | 100% | |
| Golden Opportunity Inc | Liberia | 100% | |
| Golden Pearl Inc | Liberia | 100% | |
| Golden Rose Inc | Liberia | 100% | |
| Golden Ruby Inc | Liberia | 100% | |
| Golden Saguenay Inc | Liberia | 100% | |
| Golden Sapphire Inc | Liberia | 100% | |
| Golden Shui Inc | Liberia | 100% | |
| Golden Strength Inc | Liberia | 100% | |
| Palila Inc | Liberia | 100% | |
| Parula Inc | Liberia | 100% | |
| Petrel Inc | Liberia | 100% | |
| Piper Inc | Liberia | 100% | |
| Front Singapore Inc | Liberia | 100% | |
| Front San Francisco Inc | Liberia | 100% | |
| Front Seoul Inc | Liberia | 100% | |
| Front Stockholm Inc | Liberia | 100% | |
| Front Santiago Inc | Liberia | 100% | |
| Front Santos Inc | Liberia | 100% | |
| Front Shanghai Inc | Liberia | 100% | |
| Front Savannah Inc. | Liberia | 100% | |
| Front Sakura Inc | Liberia | 100% | |
| Front Seville Inc | Liberia | 100% | |