Savings made on fuel costs and gains on vessel sales helped bulker owner Golden Ocean ride out weak markets during the third quarter and keep profit at an elevated level.
The Oslo and Nasdaq-listed shipowner reported net income of $104.6m and earnings per share of 52 cents for the third quarter, better than in the previous three months.
During the third quarter of 2021, when freight markets were much stronger, Golden Ocean booked net income of $195.3m
