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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.

Photo: Pressefoto

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.

Revenue, however, remained stable, at USD 52 million in first quarter of the year.

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