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Former Golden Ocean CEO lands job outside shipping

Shortly after her exit from John Fredriksen's Golden Ocean, Birgitte Vartdal has found a new senior executive position. Vartdal leaves the shipping industry to pursue an executive position in the energy sector.

Golden Ocean expects new deficit

Dry bulk ship operator Golden Ocean finished the first months of the year with a bottom line deficit that is USD 31 million worse than last year. This trend could continue in the second quarter, expects the company.

Golden Ocean eyes uncertain dry bulk market

Golden Ocean booked a profit in the fourth quarter but is currently navigating in an uncertain dry bulk market, in which the Vale accident has made an impact. Sentiment is negative, says CEO Birgitte Vartdal.

Golden Ocean declines after tragedy in Brazilian mine

A tragic accident at a Brazilian mine operated by Vale which cost 84 lives has impacted the share price for Norwegian bulk carrier Golden Ocean. The company lost a fifth of its market value this week, reports Norwegian business daily Dagens Næringsliv.

Global sulfur rules could prolong bulk recovery

The bulk recovery could be extended due to the new global sulfur rules taking effect from 2020, says investment bank J.P. Morgan. Two bulk carriers in particular have bright prospects, according to the bank.

Golden Ocean reports profit in mixed 2018 for dry bulk

Dry bulk carrier Golden Ocean finished the first quarter with a profit despite a seasonal market low. The company's capesizes face experience major fluctuations, and a strike in Brazil has triggered disruption, notes Clarksons Platou.

Golden Ocean CEO: Dry bulk remains at low levels

Even though the dry bulk market has improved significantly since 2016, the level is still low, says Golden Ocean CEO Birgitte Vartdal in an interview with ShippingWatch. "We're experiencing a positive trend."

Golden Ocean hopes green regulations can offset bulk fleet growth

The dry bulk market has improved, and this has prompted the order book for new ships expand and potentially strain competition in the years to come. Golden Ocean hopes that the environmental regulations hitting the sector in the years to come will result in more ships being scrapped, says the carrier in its annual report 2017.

Golden Ocean reports small profit for Q3

Dry bulk carrier Golden Ocean achieved a profit of USD 400,000 in the third quarter, shows the interim report Tuesday morning. The carrier has implemented a series of initiatives aimed at maximizing utilization of the market, says CEO Birgitte Ringstad Vartdal.

Norwegian carriers investing big in bulk

Norwegian shipowners have been actively buying bulk vessels in 2017. According to VesselsValue, they have thus far bought 36 bulk vessels this year, reports Finansavisen.

Golden Ocean sells six dry bulk vessels

John Fredriksen's dry bulk carrier Golden Ocean has agreed to sell six dry bulk vessels. The sale strengthens the carrier's focus on Capesize and Panamax, says CEO. Scorpio Bulkers appears to be the buyer.

John Fredriksen's bulk carrier expects huge rate fluctuations

In just three weeks, rates have more than tripled on the spot market for the large Capesize vessels, Golden Ocean CEO Birgitte Vartdal tells ShippingWatch. A Norwegian analyst firm estimates that rates for major bulk vessels could rise to over USD 40,000 in the second half of the year.

Golden Ocean reduced its deficit in Q2

John Fredriksen's dry bulk carrier follows in the footsteps of its peers and reports improvements across the board. With a bigger fleet, the carrier is well situated to benefit from a stronger dry bulk market, says CEO.

Golden Ocean mindskede underskud i andet kvartal

John Fredriksens tørlastrederi følger i halen på konkurrenterne i sektoren og melder om bedre takter på tværs af regnskabet. Selskabet er med en større flåde godt placeret til at høste frugterne af det stærkere marked, siger CEO.

Golden Ocean open to further fleet expansion

Following the recent acquisition of 16 dry bulk vessels, Golden Ocean and CEO Birgitte Vartdal are still examining new opportunities to grow the fleet. "It has to be something that makes sense for us," she tells ShippingWatch.

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