Dry bulk shipping firm Golden Ocean posted a wider fourth-quarter net loss than expected hit by impairments, and said the weak market conditions would continue to affect its earnings. Oslo-listed Golden Ocean, part of tycoon John Fredriksen’s business empire, posted on Friday a net loss of $135.1 million for the quarter, down from a profit of $18.2 million in the year-ago period and below expectations for a loss of $6.4 million in a Reuters poll of analysts.. It said it had booked non-cash impairments of $183.3 million and reversed lease obligations of $51.5 million in the quarter. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $69.7 million, outperforming expectations for $13.4 million. As expected the firm proposed no dividend for the quarter. (Reporting by Stine Jacobsen, editing by Terje Solsvik)