Golden Ocean sees encouraging signs in dry bulk market

3PL finance

Bulker owner backed by John Fredriksen expects asset values to climb on back of rate rise. 

John
Fredriksen’s
Golden
Ocean
presented
a
positive
view
of
the
dry
cargo
market
recovery
as
it
reported
a
second
quarter
loss
in
line
with
market
expectations.

The
bulker
owner,
which
bought
16
vessels
in
the
first
quarter,
believes
both
asset
prices
and
rates
are
set
to
rise
given
the
stronger
outlook.

Golden
Ocean
told
investors
the
uptick
in
the
spot
market
this
summer
will
lead
to
higher
sale
and
purchase
activity
and
a
boost
in
values.

At
the
same

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Andy Pierce