Golden Ocean believes in improved market despite deficit

Norwegian dry bulk carrier Golden Ocean continues to book red bottom lines. However, senior management expects improvement in the fourth quarter and feels ready to reap advantages from a possible recovery on the dry bulk market.

Photo: Golden Ocean

Along with most industry peers, Norwegian dry bulk carrier Golden Ocean had to settle for a third quarter deficit this year.

The company, under control of John Fredriksen, presented an interim report Tuesday with a net deficit of USD 26.7 million. However, this is an improvement on last year's loss of USD 39.9 million.

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