Golden Ocean CEO believes in "extremely lucrative" year for dry cargo despite plummeting rates

A worse-than-expected start to 2022 for dry cargo is far from enough to change the expectations of Golden Ocean and CEO Ulrik Andersen. The market will still be lucrative and may be so well into 2024, he tells ShippingWatch.

Photo: Golden Ocean

Ulrik Andersen, CEO at Oslo-based Golden Ocean, still believes that the market will be good for dry bulk going into 2024 despite the dramatic beginning to 2022.

When ShippingWatch met Andersen in Oslo in October, the Capesize rates were around 60,000 dollars a day, and the dry bulk carriers were raking in cash with low break-even rates on their vessels.

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