HermanBillung believes newbuilding prices have reached a trough and he only seeslimited downside to second-hand values.
Speakingon a conference call after the company reported its fourth quarter resultsyesterday, he explains Golden Ocean has been focusing on operational andcounterparty issues over the past couple of years in a rough dry cargo market.
“Ithink we are now more shifting into more serious investment focus,” Billungsaid.
