Golden Ocean's bottom line grew big-time in third quarter

Dry bulk carrier Golden Ocean's bottom line saw a big hike in the third quarter. Developments for dry bulk are looking good, reports management, but one segment will experience ups and downs.

Photo: PR-foto: Golden Ocean

Like its competitors, Golden Ocean enjoyed a stronger dry bulk market in the third quarter characterized by higher rates.

This was reflected in the company's revenue, which grew to USD 87.7 million from USD 59.5 million in the third quarter last year. And this was especially reflected on the bottom line, which grew almost ten-fold.

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