Oslo-based, US-owned Ocean Yield is reporting a profitable quarter, with a strong balance sheet for new acquisitions and an agnostic appetite for tonnage.
The company is in a phase of increased turnover as clients exercise purchase options, and chief executive officer Andreas Rode sees that as a healthy thing.
Rode told investors in a 25 August conference call that the recent exercises of call options by clients in strong market segments are a normal part of the business cycle of a financial owner.
