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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.

News

GOGL – Invitation to presentation of Q4 2023 Results

Rhea-AI Summary
Golden Ocean Group Limited will release its Q4 2023 financial results on February 28, 2024, followed by a conference call and webcast. Investors can access the presentation on the company's website. A Q&A session will be held after the event.
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GOGL – Changes to the Board composition

Rhea-AI Summary
Golden Ocean Group Ltd (GOGL) has appointed Mr. Cato Stonex as Director, bringing a wealth of experience in fund management and institutional portfolios. Mr. Stonex has a background in global equity mandates and has founded and managed several investment companies, including one focused on the recovery of the global shipping industry. He also has involvement in various business areas and holds an undergraduate degree from the London School of Economics and Political Science.
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GOGL - Appointment of CEO

Rhea-AI Summary
Golden Ocean Group Limited (GOGL) appoints Lars-Christian Svensen as CEO, effective January 1, 2024. Svensen, previously the Interim CEO and Chief Commercial Officer, is praised by the Board for his abilities. The incoming CEO aims to maintain the company's position as industry leaders and build shareholder value.
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GOGL – Q3 2023 Presentation

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Golden Ocean Group Limited (GOGL) presents its third quarter 2023 results, with a webcast and conference call scheduled at 15:00 CET. The presentation material and replay details are available on the company's website.
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GOGL – Third Quarter 2023 Results

Rhea-AI Summary
Golden Ocean Group Limited (GOGL) reported a net income of $28.7 million and earnings per share of $0.14 for Q3 2023. The company achieved an adjusted EBITDA of $78.9 million, with reported TCE rates for Capesize and Panamax/Supramax vessels at $18,173 and $15,389 per day, respectively. Golden Ocean also entered into back-to-back agreements to buy and sell a Supramax vessel, completed the sale of one Panamax vessel, and repurchased 125,000 shares. Estimated TCE rates for the fourth quarter of 2023 and the first quarter of 2024 were also provided, along with a cash dividend of $0.10 per share for Q3 2023.
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12.77%
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GOGL – Invitation to presentation of Q3 2023 Results

Rhea-AI Summary
Golden Ocean Group Limited (GOGL) will release its Q3 2023 financial results on November 21, 2023, followed by a conference call and webcast. The presentation will be available for download from the Investor Relations section at www.goldenocean.bm. Participants can access the webcast or register for the conference call to listen to the presentation. A Q&A session will follow the event.
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GOGL – Renewal of share buy-back program

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Golden Ocean Group Limited extends share buy-back program for 12 months, repurchasing 1,507,328 shares for $11,629,758. CEO cites discount in stock price and plans to utilize program as part of capital allocation strategy.
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GOGL - Company Presentation, September 2023

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CFO Peder Simonsen to present Golden Ocean Group Limited at Pareto Securities' Energy Conference today.
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GOGL – Q2 2023 Presentation

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Golden Ocean Group Limited presents its second quarter 2023 results. Webcast and conference call available. Q&A session included.
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GOGL – Second Quarter 2023 Results

Rhea-AI Summary
Golden Ocean Group Limited (NASDAQ/OSE: GOGL) reported net income of $34.9 million and earnings per share of $0.17 for Q2 2023, compared to a net loss of $8.8 million and loss per share of $0.04 in Q1 2023. Adjusted EBITDA increased to $80.4 million. TCE rates for Capesize and Panamax/Ultramax vessels were $19,083 and $15,617 per day, respectively. The company completed the acquisition of six Newcastlemax vessels and took delivery of four Kamsarmax newbuildings. They also entered into a $40.0 million facility agreement. Estimated TCE rates for Q3 2023 are $18,300 for Capesize and $13,510 for Panamax, and for Q4 2023 are $21,500 for Capesize and $16,500 for Panamax. The company repurchased shares and announced a cash dividend of $0.10 per share.
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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 $8.71 as of December 20, 2024.

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

The market cap of Golden Ocean Group (GOGL) is approximately 1.7B.

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.

Stock GOGL logo
Golden Ocean Group Limited

Nasdaq:GOGL

GOGL Rankings

#2060 Ranked by Market Cap
#73 Ranked by Dividends

GOGL Stock Data

1.73B
120.38M
39.55%
38.95%
2.25%
Marine Shipping
Industrials
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United States of America
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