LONDON (Bloomberg) — Golden Ocean Group, the commodity shipping line led by Norwegian billionaire John Fredriksen, bought eight ship-construction contracts for $410 million.

Each of the carriers, known as kamsarmaxes, will have a carrying capacity of about 80,000 deadweight tons, Bermuda-based Golden Ocean said in a statement.

The ships were ordered from the Zhoushan Jinhaiwan Shipyard in China, the statement said. The vessels will be delivered from Sept. 2009.