Norway: Increase in profit for Golden Ocean in Q3

21.11.2017

Norway: Increase in profit for Golden Ocean in Q3
E24 - Norway, 21 Nov 2017, online:-
Norwegian shipping company Golden Ocean reported a net profit of USD 0.40mn (EUR 0.33mn) in Q3 2017. This is an improvement from a loss of USD 26.70mn in Q3 2016. The profit also increased compared to the net loss of USD 12mn in Q2 2017. Total income increased from USD 70.90mn to USD 127mn. This is mainly due to improvements on the dry bulk market and strategic asset sales. The growth in demand in marine transport has so far exceeded expectations.
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