Bulk

Golden Ocean loses USD 160 million in the first quarter

Major dry bulk shipping company Golden Ocean lost USD 160.8 million in a generally difficult first quarter for the dry cargo sector. The deficit is not least due to a large impairment of USD 125.6 million.
Photo: PR/Golden Ocean
Photo: PR/Golden Ocean
by SØREN PICO

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.

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