Golden Ocean to Look Towards Time Charters

August 17, 2017

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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