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22.05.2019 kl 08:23 4324

Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management

AS, commented:


"Golden Ocean's first quarter results reflect a weaker market environment

brought about by disruptions in iron ore trade and continued uncertainty due to

trade tensions. Strong commercial performance with well-timed contract coverage

late last year combined with a modern, fuel-efficient fleet allowed the Company

to generate earnings well above the market benchmarks in the quarter. In weaker

markets with high fuel prices, the value of fuel efficiency gains relative

importance. With IMO2020 approaching we believe the benefit of having a modern,

fuel efficient fleet will continue to be a competitive advantage in the market."

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