Golden Ocean Group is ready to reap the rewards of an expanded fleet thanks to healthy forward coverage, Clarksons Platou Securities has said.
The Oslo-listed bulker owner acquired 18 modern vessels earlier this year from major shareholder John Fredriksen's private Hemen Holding.
This "proved to be a timely acquisition which has benefited the company" in the third quarter and into the final three months of the year, Clarksons Platou managing director Frode Morkedal said.
