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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.

Photo: Golden Ocean

Golden Ocean, controlled by John Fredriksen, turned a deficit into a profit in the first quarter of 2018, which has so far brought major fluctuations for the dry bulk shipping company's main income source: the large capesize vessels.

We view these disruptions as temporary and see no major change to fundamentals which are healthy"

Clarksons Platou

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