Unfavourable asset prices are hampering Golden Ocean Group’s ambition to focus solely on capesize and panamax bulkers.
The Oslo and Nasdaq-listed shipowner ditched its handysize bulkers last quarter and still owns two ultramaxes, but any attempt to reduce its exposure to the segment is on the back burner.
Chief executive Ulrik Andersen told TradeWinds that its Japanese-built ultramaxes will stay where they are for now.
