Golden Ocean in positive surprise

Norwegian dry bulk carrier Golden Ocean had a much better third quarter than expected in the market, according to the company's interim report.

Photo: Golden Ocean

The 3rd quarter operating result for Norwegian dry bulk carrier Golden Ocean came to USD 22 million, compared to an expected USD 12 million, according to SME Direkt, while the company's result before taxes was USD 16 million, versus market expectations of USD 7 million. Golden Ocean expects a 4th quarter result in line with or better than the recently finished quarter.

This development bodes well for dry bulk carriers such as Torm and D/S Norden, as Golden Ocean says in the interim report that the market is generally improving, and that these improvements played a significant part in achieving the solid results.

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