Golden Ocean exits 2015 with massive deficit

Listed bulk carrier Golden Ocean reports a net loss of USD 220.8 million for 2015. The carrier will try to raise USD 200 million in order to to have loan installments deferred for two and a half years.

BY OLE ANDERSEN

Dry bulk carrier Golden Ocean, which is controlled by John Fredriksen and listed on the Oslo Stock Exchange, suffered a net loss of USD 220.8 million in 2015. The company will now try to raise USD 200 million in fresh capital, a contingency for creditors to agree to defer loan installments for two and a half years, informs Golden Ocean in a preliminary annual report published Thursday.

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