John Fredriksen-controlled bulker owner Golden Ocean has logged a big rise in earnings in strong markets as it continued its scrubber retro-fitting.

The Norwegian company said net earnings in the third quarter were $35.28m, from $0.36m a year ago.

Adjusted profit of $32.7m beat the $29.9m consensus among analysts, according to DNB Markets.

Revenue was up to $189.25m from $126.95m