John Fredriksen's Golden Ocean Group (GOGL) is expecting favourable market fundamentals to last for years yet, as profit continues to roll in.

The world's largest listed owner of capesize vessels said net earnings in the third quarter were $195.3m, up from $39m in the same period a year ago and from $104.5m in the second quarter.

Oslo and Nasdaq-listed Golden Ocean posted revenue of $387.6m,