Golden Ocean has strong faith in new growth
Norwegian dry bulk carrier Golden Ocean - part of the Fredriksen group - achieved a smaller profit in the 1st quarter. The carrier maintains an indomitable faith in dry bulk growth in the second half of the year.
BY TOMAS KRISTIANSEN
The dry bulk markets experienced a turbulent start of 2014. This goes for Golden Ocean as well - part of the Fredriksen group - and the carrier finished the quarter with a decreased profit that came to around USD two million, adjusted for one-off items. This result was somewhat lower than in the past four quarters in 2013, but it was still a positive result in a dry bulk market where the rates have been under pressure.
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