ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs