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

Sign up for our newsletter

Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Carsten Mortensen wants to build green reefer ship for banana export

Dubai challenges Singapore as shipping's favorite city

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd were in talks to acquire state-owned port company

Jobs