Golden Ocean hit with big deficit in Q1

Dry bulk carrier Golden Ocean reports of a market that in the first quarter came in well below operating costs across all segments, resulting in a major deficit. Fearnley points to improved liquidity at carrier.

BY JOHANNES HARTKOPF-MIKKELSEN

Golden Ocean, which is controlled by Norwegian-Cypriot shipping magnate John Fredriksen, finished the quarter of the year with a deficit of USD 68.2 million, according to the dry bulk carrier's interim report, published Tuesday.

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