Nov 27, 2024 / 01:30PM GMT
Peder Simonsen - Golden Ocean Group Ltd - Interim Chief Executive Officer & Chief Financial Officer
Good afternoon, and welcome to the Golden Ocean Q3 2024 release. My name is Peder Simonsen, and I am the Interim CEO and CFO of Golden Ocean.
Today I will present our Q3 numbers and forward outlook. In the third quarter of 2024, we have the following main highlights. Our adjusted EBITDA in the third quarter ended up at $124.4 million compared to $120.3 million in the second quarter. We delivered a net income of $56.3 million and earnings per share of $0.28, compared to a net income of $62.5 million and earnings per share of $0.31 in the second quarter. Our adjusted net profit was $66.7 million; and adjusted earnings per share of $0.33, up from $63.4 million and earnings per share of $0.32 in Q2.
Our TCE rates were about $28,300 per day for Capesizes and about $16,400 per day for Panamax vessels and fleet wide net TCE of around $23,700 per day for the quarter. We have continued to execute on our fleet renewal strategy by selling one older Panamax and an older Newcastlemax vessel at
Q3 2024 Golden Ocean Group Ltd Earnings Call Transcript
13 hours ago
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