Golden Ocean Group Limited provided operating guidance for the first quarter of 2021. The estimated TCE rates for the first quarter of 2021, inclusive of charter coverage and calculated on a load-to-discharge basis, are: approximately $18,200 per day contracted for 66% of the available days for Capesize vessels; approximately $13,800 per day contracted for 86% of the available days for Panamax vessels. The company expects the spot TCEs for the full first quarter of 2021 to be lower than the TCEs currently contracted, due to the impact of ballast days at the end of the first quarter of 2021 as well as current weaker rates.