| 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 Holdings Ltd | Bermuda | 100% | ||||||
| Golden Brilliant Inc | Liberia | 100% | ||||||
| Golden Crystal Inc | Liberia | 100% | ||||||
| Golden Daisy Inc | Liberia | 100% | ||||||
| Golden Diamond Inc | Liberia | 100% | ||||||
| Golden Feng Inc | Liberia | 100% | ||||||
| Golden Ginger Inc | Liberia | 100% | ||||||
| Golden Pearl Inc | Liberia | 100% | ||||||
| Golden Rose Inc | Liberia | 100% | ||||||
| Golden Ruby Inc | Liberia | 100% | ||||||
| Golden Sapphire Inc | Liberia | 100% | ||||||
| Golden Shui 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% | ||||||
| Golden Finsbury Inc | Liberia | 100% | ||||||
| Golden Fulham Inc | Liberia | 100% | ||||||
| Golden Bexley Inc | Liberia | 100% | ||||||
| Golden Barnet Inc | Liberia | 100% | ||||||
| Golden Scape Inc | Liberia | 100% | ||||||
| Golden Swift Inc | Liberia | 100% | ||||||
| Front Fuji Inc | Liberia | 100% | ||||||
| Front Aso Inc | Liberia | 100% | ||||||
| Golden Cirrus Inc | Liberia | 100% | ||||||
| Golden Cumulus Inc | Liberia | 100% | ||||||
| Golden Nimbus Inc | Liberia | 100% | ||||||
| Golden Arcus Inc | Liberia | 100% | ||||||
| Golden Incus Inc | Liberia | 100% | ||||||
| Golden Calvus Inc | Liberia | 100% | ||||||
| Golden Gayle Inc | Liberia | 100% | ||||||
| Golden Myrtalia Inc | Liberia | 100% | ||||||
| Golden Sue Inc | Liberia | 100% | ||||||
| Golden Deb Inc | Liberia | 100% | ||||||
| Golden Jake Inc | Liberia | 100% | ||||||
| Golden Arion Inc | Liberia | 100% | ||||||
| Golden Ioanari Inc | Liberia | 100% | ||||||
| Golden Keen Inc | Liberia | 100% | ||||||
| Golden Kaki Inc | Liberia | 100% | ||||||
| Golden Houston Inc | Liberia | 100% | ||||||
| Golden Anastasia Inc | Liberia | 100% | ||||||
| Golden Amreen Inc | Liberia | 100% | ||||||
| Golden Kennedy Inc | Liberia | 100% | ||||||
| Golden Amber Inc | Liberia | 100% | ||||||
| Golden Opal Inc | Liberia | 100% | ||||||
| Golden Behike Inc | Liberia | 100% | ||||||
| Golden Monterrey Inc | Liberia | 100% | ||||||
| Golden Champion Inc | Liberia | 100% | ||||||
| Golden Comfort Inc | Liberia | 100% | ||||||
| Golden Competence Inc | Liberia | 100% | ||||||
| Golden Confidence Inc | Liberia | 100% | ||||||
| Golden Coral Inc | Liberia | 100% | ||||||
| Golden Courage Inc | Liberia | 100% | ||||||
| Golden Fellow Inc | Liberia | 100% | ||||||
| Golden Fortune Inc | Liberia | 100% | ||||||
| Golden Forward Inc | Liberia | 100% | ||||||
| Golden Freeze Inc | Liberia | 100% | ||||||
| Golden Friend Inc | Liberia | 100% | ||||||
| Golden Frost Inc | Liberia | 100% | ||||||
| Golden Saint Inc | Liberia | 100% | ||||||
| Golden Skies Inc | Liberia | 100% | ||||||
| Golden Spirit Inc | Liberia | 100% | ||||||
| Golden Lion Inc | Liberia | 100% | ||||||
| Hope Shipowning Inc | Liberia | 100% | ||||||
| Golden Grace Inc | Liberia | 100% | ||||||
| Golden Star Inc | Liberia | 100% | ||||||
| Golden Soul Inc | Liberia | 100% | ||||||
| Golden John Inc | Liberia | 100% | ||||||
| Golden Wave Inc | Liberia | 100% | ||||||
| Golden Tide Inc | Liberia | 100% | ||||||
| Golden Faith Inc | Liberia | 100% | ||||||
| Golden Erling Inc | Liberia | 100% | ||||||
| Fast Shipowning Inc | Marshall Islands | 100% | ||||||
| Furious Shipowning Inc | Marshall Islands | 100% | ||||||
| Spray Shipowning Inc | Marshall Islands | 100% | ||||||
| Golden Aquamarine Inc | Liberia | 100% | ||||||
| Golden Earl Inc | Liberia | 100% | ||||||
| Golden Duke Inc | Liberia | 100% | ||||||
| Golden Walcott Inc | Liberia | 100% | ||||||
| Sapphire Shipowning Inc | Liberia | 100% | ||||||
| Golden Emerald Inc | Liberia | 100% | ||||||