Golden Ocean to Look Towards Time Charters
Dry bulk shipper Golden Ocean's Chief Executive Birgitte Vartdal made the following remarks during the company's second-quarter earnings presentation on Thursday:
- We are slowly starting to consider chartering opportunities at the rate levels that we see now. It will be a step-wise process and we'll have to build exposure slowly when the rates are increasing
- Except for four long-term charters, we are more or less spot exposed for next year and we'll slowly start to add some charter cover. But we're still talking low percentages
- We have seen some increased interest on the time charter side over the last few weeks, and the period market is slowly coming back following better spot rate
- Activity is better now than what we've seen for a while
- Golden Ocean earlier posted adjusted earnings above forecast, while its net loss was in line with analysts' expectations
- By 1350 GMT the shares traded 4.3 percent lower for the day
Reporting by Joachim Dagenborg
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