16/11/2022at 10:10

Golden Ocean marked by slowdown – bottom line drops by more than USD 50m

Dry cargo operator Golden Ocean ended Q3 with a worse result than when it started, amidst what the company CEO deems to be a ”challenging freight environment.”

by DANIEL LOGAN, IDHA TOFT VALEUR

Golden Ocean saw net income of USD 104.6m in the third quarter, falling from USD 163.7m in the year’s second quarter.

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Golden Ocean marked by slowdown – bottom line drops by more than USD 50m

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Herman Billung expects "headwinds" before renewed dry bulk upswing by year's end

Golden Ocean eyes healthy market despite waning demand

Golden Ocean: CII has been invented in a theoretical world

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Front page now

Customers react to Maersk bidding Hamburg Süd name farewell: "Tampering with family heirlooms"

Carriers confirm downturn: Party came to a halt in the fall

Shipping bank directs attention to car carriers – first loan has already been granted

ONE puts new figures on rate collapse – important route declined by 26 percent

Wärtsilä books major loss from Russian exit

Hapag-Lloyd makes headway in 2022 despite year-end downturn

Further reading

Income for ice class tankers has surged by 1,644 percent following sanctions

Scorpio Tankers sees higher rates so far in 2023

Scrubbers more than doubled ships' savings on fuel

Latest news

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