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 (GOGL) has released its Q1 2024 financial results. The company will discuss these results in a webcast/conference call scheduled for today at 15:00 CEST. Interested parties can attend via a provided webcast link or by registering online for the conference call. A Q&A session will follow the presentation. Presentation materials and a replay of the event will be available at the company's website, www.goldenocean.bm. This release complies with Section 5-12 of the Norwegian Securities Trading Act.
Golden Ocean Group (NASDAQ/OSE: GOGL), the world's largest listed owner of large size dry bulk vessels, reported unaudited results for Q1 2024. The company posted net income of $65.4 million and EPS of $0.33, up from $57.5 million and $0.29 in Q4 2023. Adjusted EBITDA was $114.3 million, a decrease from $123.2 million in the previous quarter. Adjusted net income also fell to $58.4 million from $64.6 million. Notably, TCE rates for Capesize and Panamax vessels were $27,222 and $14,978 per day, respectively. The company completed the sale of a Panamax vessel for $15.7 million and secured a $180 million credit facility at favorable terms post-quarter. A cash dividend of $0.30 per share will be distributed on June 17, 2024, with an optimistic outlook for future demand and fleet supply growth.
Golden Ocean Group (GOGL) will release its financial results for Q1 2024 on May 22, 2024, followed by a conference call and webcast on February 28, 2024. The presentation will be available for download from the Investor Relations section of their website. Investors can participate by visiting the website or registering online for the conference call.
Golden Ocean Group held its 2024 Annual General Meeting on April 29, 2024, presenting the audited financial statements for 2023. The resolutions passed include setting a maximum of eight Directors, re-electing current Directors, appointing auditors, and approving the Board's remuneration.
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