Norway’s Golden Ocean Group (GOGL) has logged a net loss of $69.26m in tough fourth quarter markets.
This compares to a profit of $5.16m the year before, despite the John Fredriksen-owned bulker company seeing revenue grow to $56.52m against $36.68m as the fleet expanded.
Costs soared to $87.28m versus $30.79m a year ago, however.
The annual loss hit $220.83m, compared to a profit of $15.99m
