Golden Ocean loses USD 40.7 million in the third quarter

Third-quarterly results from Golden Ocean reflect the challenging dry bulk market, delivering a loss of USD 40.6 million net. The carrier has lost USD 151.6 million in the first nine months of the year. (To be updated)

Photo: Golden Ocean

Dry bulk carrier Golden Ocean, owned by the Norwegian shipping magnate John Frederiksen, is struggling in a market plagued by low rates. It has emerged from the third quarter with a net loss of USD 40.7 million, reveals the third-quarterly report published Tuesday morning. This is a significant decline when compared with the same period last year, where the deficit landed at USD 6.2 million net.

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