Golden Ocean books third quarter profit of USD 195 million

Dry bulk operator Golden Ocean is profiting from a strong a dry bulk market in the third quarter of the year, during which the bottom line rose to USD 195.3 million. The market will remain strong for several years, say CEO.

Photo: Golden Ocean

Golden Ocean exits the third quarter with steep growth across the board, with the strong dry bulk market spurring positive expectations about the coming years as well.

In a report issued Wednesday by the John Fredriksen-controlled dry bulk operator, revenue came to USD 387.6 million in the third quarter against USD 185.5 million in the same period of 2020.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Further reading

Related articles

Latest news

See all jobs