Golden Ocean sees best quarterly result ever

John Fredriksen-controlled Golden Ocean has generated the best quarterly result in the history of the company. CEO is optimistic about the prospects of a longer period with high rates.

Photo: Avance Gas

Norwegian dry bulk company Golden Ocean got off to the best start the company has ever had in 2021, with high dry bulk rates and a spot market rate that lifted earnings, shows the quarterly report, published on Thursday.

The upturn is not expected to end here. The company could be looking at a prolonged period of high rates, says CEO Ulrik Andersen.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs