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Golden Ocean Group Limited - GOGL STOCK NEWS

Welcome to our dedicated page for Golden Ocean Group news (Ticker: GOGL), a resource for investors and traders seeking the latest updates and insights on Golden Ocean Group stock.

Golden Ocean Group Limited (NASDAQ: GOGL, OSE: GOGL) is a Bermuda-based dry bulk shipping company specializing in the transportation of dry bulk cargo such as ores, coal, grains, and fertilizers. Operating under the international trade and development sector, the company is headquartered in Madrid, Spain. Golden Ocean Group leverages a robust fleet comprised of owned and chartered vessels, including bareboat vessels and commercial management vessels. These vessels are chartered out on both fixed-rate time charters and index-linked time charter contracts, ensuring flexibility and adaptability in various market conditions.

In recent developments, the company announced the appointment of Mr. Cato Stonex as Director. Additionally, Golden Ocean Group has been transparent with its financial performance, presenting its fourth quarter 2023 results in a webcast and conference call. The company's annual report for the year ended December 31, 2023, has been filed with the U.S. Securities and Exchange Commission and is accessible through their website. Shareholders can also request a hard copy of the report which includes the complete audited financial statements for 2023.

Looking ahead, Golden Ocean Group has scheduled its 2024 Annual General Meeting for April 29, 2024, with the associated information and financial statements available on their website. The company has also released its first-quarter 2024 results, offering insights through another webcast and conference call.

In a significant leadership change, Lars-Christian Svensen, the Chief Executive Officer of Golden Ocean Management AS, has stepped down to pursue new opportunities. The company's Chief Financial Officer, Peder Simonsen, has been appointed as the Interim CEO and CFO. The Board expressed their gratitude for Mr. Svensen's contributions and leadership, wishing him success in his future endeavors.

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Golden Ocean Group Limited has announced that its 2021 Annual General Meeting will take place on May 26, 2021. Shareholders must note that the record date for voting is set for April 9, 2021. Details regarding the notice, agenda, and related materials will be provided prior to the meeting date. This announcement is compliant with the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act.

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Golden Ocean Group Limited held a Special General Meeting on March 26, 2021, to discuss a significant change to its share capital. The shareholders approved a resolution to increase the authorized share capital from US$10 million (200 million common shares) to US$15 million (300 million common shares), allowing for the creation of an additional 100 million common shares. This move aims to provide the company with greater financial flexibility.

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Golden Ocean Group Limited convened a Special General Meeting on March 26, 2021, where shareholders approved a resolution to increase the company’s authorized share capital. The capital will rise from US$10 million to US$15 million, allowing for the creation of 100 million additional common shares at a par value of US$0.05 each. This move expands the total common shares from 200 million to 300 million. The meeting took place in Hamilton, Bermuda.

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Golden Ocean Group Limited (NASDAQ: GOGL) has filed its annual report on Form 20-F for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible on the company’s website www.goldenocean.bm and the SEC’s website. Shareholders may request a hard copy of the 2020 audited financial statements by contacting the Investor Relations department.

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The Board of Golden Ocean Group Limited (NASDAQ and OSE: GOGL) announced that an option holder has exercised options to acquire 45,000 shares in the Company. These shares will be settled using treasury shares held by Golden Ocean. Following this transaction, the Company will retain 775,000 treasury shares.

This announcement is in accordance with previously disclosed terms and is subject to the disclosure requirements of the Norwegian Securities Trading Act.

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The Board of Golden Ocean Group Limited (NASDAQ and OSE: GOGL) announced that an option holder has exercised options to acquire 25,000 shares in the Company. This exercise will be settled with treasury shares, resulting in 820,000 treasury shares held by Golden Ocean post-delivery. This information is aligned with the Company’s previous disclosures and follows the requirements of the Norwegian Securities Trading Act.

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Golden Ocean Group Limited (GOGL) announced the resignation of Marius Hermansen as a Director, effective March 15, 2021. He served since September 2019. The Board expressed gratitude for his contributions. Mr. Bjørn Tore Larsen, who founded and chairs the OSM Maritime Group, will assume the directorship. Larsen also leads ADS Maritime Holdings Plc and OSM Aviation, bringing extensive maritime and aviation experience to the role. This change in leadership reflects GOGL's commitment to strategic growth and operational excellence.

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Golden Ocean Group Limited (NASDAQ: GOGL) will hold a Special General Meeting on 26 March 2021. Relevant details are available on the company's website. This announcement is in compliance with Euronext Oslo Rule Book II item 4.2.4. Shareholders are encouraged to review the notice of the meeting and associated documents.

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Golden Ocean Group Limited (NASDAQ: GOGL) will hold a Special General Meeting on 26 March 2021 to discuss a proposal for increasing its authorized share capital. The record date for voting is 3 March 2021. Details regarding the notice, agenda, and related documents will be provided ahead of the meeting.

The announcement is part of disclosure requirements under the Euronext Oslo Rule Book II.

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FAQ

What is the current stock price of Golden Ocean Group (GOGL)?

The current stock price of Golden Ocean Group (GOGL) is $8.87 as of January 22, 2025.

What is the market cap of Golden Ocean Group (GOGL)?

The market cap of Golden Ocean Group (GOGL) is approximately 1.8B.

What does Golden Ocean Group Limited do?

Golden Ocean Group Limited is a Bermuda-based dry bulk shipping company specializing in the transportation of dry bulk cargo such as ores, coal, grains, and fertilizers.

Where is Golden Ocean Group Limited headquartered?

Golden Ocean Group Limited's headquarters is located in Madrid, Spain.

What recent leadership changes have occurred at Golden Ocean Group Limited?

Lars-Christian Svensen, the CEO of Golden Ocean Management AS, has stepped down, and Peder Simonsen has been appointed as the Interim CEO and CFO.

How can shareholders access the latest annual report?

Shareholders can access the latest annual report through the company's website or request a hard copy from the Investor Relations department.

When is Golden Ocean Group Limited's next Annual General Meeting?

The next Annual General Meeting is scheduled for April 29, 2024.

What type of cargo does Golden Ocean Group Limited transport?

The company transports dry bulk cargo, including ores, coal, grains, and fertilizers.

How does Golden Ocean Group Limited manage its fleet?

The company manages its fleet through a combination of owned and chartered vessels, including bareboat vessels and commercial management vessels.

What type of charter contracts does Golden Ocean Group use?

Golden Ocean Group uses both fixed-rate time charters and index-linked time charter contracts for its vessels.

Who recently joined the Board of Directors?

Mr. Cato Stonex was recently appointed as a Director on the Board of Golden Ocean Group Limited.

Where can investors find the company's financial presentations?

Investors can download the presentation materials from the company's website, www.goldenocean.bm.
Golden Ocean Group Limited

Nasdaq:GOGL

GOGL Rankings

GOGL Stock Data

1.77B
120.38M
39.55%
38.95%
2.25%
Marine Shipping
Industrials
Link
United States of America
Hamilton