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26/02/2014at 14:38

Analysts believe in Golden Ocean fleet growth

Golden Ocean will most likely acquire new ships for its fleet, says several analysts after the carrier published its annual report on Tuesday. The necessary liquidity is in place.
Photo: Golden Ocean
BY KATRINE GRØNVALD RAUN

Norwegian dry bulk carrier Golden Ocean is in a solid cash position with increasing profits, and not least with funds from an arbitration case against shipyard Jinhaiwan concerning nine canceled newbuildings, from which Golden Ocean expects to gain a positive cash flow of USD 132 million during 2014. And according to several analysts, this situation makes it likely that the carrier will invest in even more in ships.

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