Bulker owner Golden Ocean Group has booked another profitable quarter and upped its dividend to shareholders.

The Oslo- and Nasdaq-listed shipowner recorded $163.7m in net profit for the second quarter, equivalent to earnings per share of 83 cents.

This is up from $104.5m during the same period last year, when earnings per share were 63 cents for the company, which counts shipowner John Fredriksen as its biggest shareholder.