John Fredriksen’s Golden Ocean snuck into the black in the third quarter as it reported results ahead of forecasts and projected further progress in the freight market.
Expectations for a resumption of dividend proved premature with investors waiting at least one ore quarter for payouts to resume.
Birgitte Ringstad Vartdal, chief executive of Golden Ocean Management, said the return to profit came amid a significant improvement in cash flows in a stronger market.
