Golden Ocean reported financial results for Q2 2013 with earnings highlights including EBITDA of $49.5 million and net profit of $43.5 million. Key events were taking delivery of a new capesize vessel called Golden Pearl in Q2, reclassifying two ice-class panamaxes, and making a joint venture investment in Golden Magnum. The company also received a $30 million settlement related to a past charter dispute. Operationally, GOGL has open positions of around 30-80% for 2013-2015 depending on vessel type and is working to refinance debt facilities coming due in early 2014. The macro outlook presentation discussed trends of ongoing but slowing fleet growth being supported by strong demand growth from China