Golden Ocean Group Limited (‘Golden Ocean’ or the ‘Company’) will in the second quarter of 2007 realise a loss on freight derivative activities of $15 million. $7 million of this loss has been realised in the second quarter of 2007 while the remaining part of the loss is adjustments for market to market valuations on future positions, mostly short positions. Part of this loss has arisen as a function of hedging of forward open physical positions. Going forward the Company expects these losses to be compensated by increased earnings from physical spot trading.
Green Marine
about 19 years ago
GOGL – Declaration of Newbuilding Options and loss on FFA trading
Golden Ocean Group Limited (‘Golden Ocean’ or the ‘Company’) will in the second quarter of 2007 realise a loss on freight derivative activities of $15 million. $7 million of this loss has been realised in the second quarter of 2007 while the remaining part of the loss is adjustments for market to ma
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