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 (GOGL) historically represented a Bermuda incorporated shipping company specializing in the transportation of dry bulk cargoes, with its shares listed on Nasdaq and Euronext Oslo Børs. The news flow around GOGL in its later period focused heavily on its strategic merger with CMB.TECH NV and the resulting transition of shareholders into CMB.TECH ordinary shares.
On this page, readers can review news items that document the key steps in that process. These include the signing of the merger agreement between Golden Ocean and CMB.TECH, the announcement of the agreed stock-for-stock exchange ratio, and subsequent updates on regulatory filings and shareholder approvals. Several releases detail the scheduling and outcome of the Special General Meeting where Golden Ocean shareholders voted on the merger, as well as communications specifying the last day of trading for GOGL shares on Nasdaq and Euronext Oslo Børs.
Other news items describe related financing and operational arrangements, such as the announcement of loan facilities to refinance outstanding Golden Ocean debt in connection with the planned merger, and practical information on registrar changes and settlement mechanics for shareholders on different exchanges. Together, these articles provide a chronological record of how Golden Ocean’s status evolved from an independent dry bulk shipping company into part of the CMB.TECH group.
Investors, analysts, and researchers can use this news archive to understand the rationale, structure, and execution timeline of the merger, as well as the implications for GOGL’s listing status and the transition to CMB.TECH (CMBT) shares. Bookmarking this page allows for quick reference to the official announcements that shaped GOGL’s final phase as a listed company.
Golden Ocean Group Limited (NASDAQ: GOGL) reported a net loss of $41.3 million for Q2 2020, with a loss per share of $0.29, a significant improvement from the $160.8 million loss in the previous quarter. The adjusted EBITDA for the quarter was $4.2 million, down from $12.3 million in Q1 2020. The company completed its final scrubber installations and has increased charter coverage for the remainder of 2020. As of now, 38% of Capesize and 56% of Panamax vessel days are covered. The estimated TCE rates for Q3 are $17,960 and $12,980 respectively.
Golden Ocean will announce its second quarter 2020 results on August 18, 2020, with a teleconference/webcast at 03:00 PM CET (09:00 AM New York Time). Interested participants can access the presentation by downloading materials from www.goldenocean.bm beforehand. Participants must provide their full name and the Conference ID 9181665 for the call. Replay options will be available for seven days post-event, offering access to different local numbers in the UK, Norway, and the USA for listeners.