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Fredriksen's bulk carrier hit with triple-digit deficit in H1

John Fredriksen's dry bulk carrier continued its decline in the first half of the year as the carrier lost USD 107.5 million. Golden Ocean took delivery of a Capesize newbuilding in the period but postponed delivery of several others.

Photo: Golden Ocean

Golden Ocean's first half of 2016 remained characterized by the dire market conditions that plague the carrier along with most of its dry bulk peers.

The carrier, owned by major Norwegian shipping investor John Fredriksen, finished the first six months of the year with a deficit of USD 107.5 million, a slight improvement from the same period 2015 when Golden Ocean lost USD 110.9 million.

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