Golden Ocean increased its earnings in fourth quarter – but prepares for hard times

Earnings rose in the fourth quarter for Golden Ocean, but looking at 2019 as a whole, its result was more than halved. At the same time, the Coronavirus outbreak has delayed scrubber installations on several of Golden Ocean's ships.

Photo: PR/Golden Ocean

Things were looking up for John Fredriksen-controlled shipping line Golden Ocean in the last three months of 2019, shows the carrier's financial report on the fourth quarter and the full year, published Tuesday.

The report shows that the dry bulk company increased its net earnings to USD 41 million in the fourth quarter 2019. This is an improvement on the same period the year before, when the result came to USD 36.7 million.

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