Golden Ocean Group Limited

Controls U.S. tax policy and, critically, international trade policy (tariffs, trade agreements), which directly affect global cargo volumes and the financial viability of deep-sea freight operations.

Directly impacts the volume of agricultural commodities transported by GOGL and influences commodity futures markets relevant to cargo and fuel pricing through oversight of the CFTC and Farm Bill.

Has direct oversight over maritime transportation, the U.S. Coast Guard, and port infrastructure, significantly impacting operational regulations, safety, and commerce for vessels calling on U.S. ports.

Directly impacts fuel costs (bunker fuel) for vessels and influences the supply and demand for commodities (e.g., coal, iron ore, grains) that constitute GOGL's primary cargo.

U.S. foreign policy, sanctions, and trade relations directly impact global shipping routes, cargo volumes, and operating costs for a deep-sea freight company involved in international trade.