Golden Ocean Group Limited (NASDAQ:GOGL) Q4 2019 Earnings Conference Call - Final Transcript

Feb 18, 2020 • 09:00 am ET


Golden Ocean Group Limited (NASDAQ:GOGL) Q4 2019 Earnings Conference Call - Final Transcript


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Thomas Semino

and supply chain might take some time to resume normal operations, which would result in delayed and perhaps more spread out delivery schedules. It is too early to forecast the potential impact of the coronavirus beyond the short term, but it is likely that the normal business operation will quickly resume. Many market observers expect a swift recovery in the second half 2020. We would, of course, we are convinced that if we execute, too soon to tell.

As the dynamic unfolds, we are focused on controlling the factors that we can control, including our commercial operation and the quality of our fleet. When the market does recover Golden Ocean is very well positioned to generate earnings as our fleet is focused on the larger vessel classes, where rates tend to move most dramatically in other direction. The modernity of our fleet and our plans to install scrubber on two-third of our vessel based on the total fuel consumption make the current market a bit more manageable, and we also likely create incremental earnings going forward.

With that, I would like to thank you for your time today and turn the call back to Ola.

Ola Lorentzon

Thank you, Thomas. While Golden Ocean strong earnings potential has been demonstrated over the course of last year, the market is currently presenting a challenging -- challenge that will impact our results in the near term. Despite near-term factors, we are confident of the medium to longer term development of dry bulk transportation demand. And as the current market dynamic continues to unfold, our focus remains on maintaining efficient operations, a strong balance sheet and a strong liquidity position. Thank you for listening.


[Operator Closing Remarks]