The John Fredriksen-controlled dry bulk shipping company Golden Ocean booked a large bottom line deficit in a generally challenging first quarter for the dry bulk sector.
The company suffered a net loss of USD 160.8 million, attributed not least to a large impairment of USD 125.6 million. The impairment was made through a so-called non-cash adjustment and consists in part of a USD 94.2 million loss on leased ships. These include seven ships from John Fredriksen's shipowner SFL Corp.
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