Golden Ocean is exploring the option of taking on some time charter coverage following a strengthening of the capesize market.

Fleet growth is also an option for the John Fredriksen backed company but after swooping for 16 ships earlier this year it is not in a hurry to get its cheque book out.

Golden Ocean has 38 capesizes on the spot or filling index linked deals and will take delivery of six more of the vessels in 2018, according to Mangus Fyhr of Seaport Global.