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)
BY KATRINE GRØNVALD RAUN
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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