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.
Golden Ocean Group Limited is set to release its financial results for Q1 2022 on May 19, 2022. The announcement will be followed by a teleconference and webcast at 3:00 PM CET (09:00 AM New York Time). Participants can join via www.goldenocean.bm for the webcast or dial in using various international numbers provided. To access the presentation, participants are advised to download materials from the Investor Relations section prior to the event. The replay of the teleconference will also be available with specific access numbers.
Golden Ocean Group Limited (GOGL) announced the resignation of Mr. Tor Svelland from its Board of Directors, effective May 2, 2022. Mr. Svelland has been a director since August 2020. The Board expressed gratitude for his contributions during his tenure and wished him well in future endeavors. This announcement adheres to the disclosure requirements under the Norwegian Securities Trading Act and the Continuing Obligations of Oslo Børs.
Golden Ocean Group Limited (NASDAQ and OSE: GOGL) has filed its annual report on Form 20-F for the year ending December 31, 2021, with the U.S. Securities and Exchange Commission. This comprehensive report includes 2021's audited financial statements and can be accessed via the Company’s website or the Commission’s site. Shareholders can also request a hard copy of the Annual Report from the Investor Relations department. This filing complies with section 5-12 of the Norwegian Securities Trading Act.
Golden Ocean Group Limited (Nasdaq and OSE: GOGL) has announced the sale of three older Panamax vessels—Golden Empress, Golden Enterprise, and Golden Endeavour—for a combined price of $52 million. This sale is part of the company's strategy to modernize its fleet, which will significantly reduce emissions. Golden Ocean expects to realize a gain of approximately $9.6 million in Q2 2022 and net cash proceeds of around $30.7 million upon delivery. The company has sold a total of seven older vessels in the last 15 months, generating about $60 million to fund new Kamsarmax vessels currently under construction.
Golden Ocean Group Ltd (GOGL) has announced the appointment of Mr. Jens Martin Jensen as a Director. Mr. Jensen brings significant experience, having previously served as CEO of Athenian Holdings and held roles at New Fortress Energy and Frontline Management AS. His extensive background in shipping includes directorships at various companies, showcasing his expertise in the industry. This strategic appointment is intended to enhance the Board's capabilities and support the Company's growth objectives.
Golden Ocean Group Limited will present its fourth quarter 2021 results in a webcast/conference call today at 16:00 CET. Participants can join via the provided link or by dialing international numbers. The Conference ID is 8843228. The presentation materials for the call are accessible on Golden Ocean's website, and replay details will also be available. This announcement fulfills the disclosure requirements under the Norwegian Securities Trading Act.
Golden Ocean Group Limited (NASDAQ: GOGL) reported strong financial results for Q4 and full year 2021. Net income reached $203.8 million, with earnings per share of $1.02, improving from Q3's $195.3 million and $0.97 respectively. Adjusted EBITDA was $243.5 million, also up from $229.7 million in Q3. The company announced a dividend of $0.90 per share. Despite some seasonal weakening in freight rates, the outlook for 2022 remains optimistic due to strong demand and low fleet supply.
Golden Ocean Group Limited is set to release its financial results for Q4 2021 on February 16, 2022. A teleconference and webcast will accompany the announcement at 4:00 P.M. CET (10:00 A.M. New York Time). Participants can join via a webcast on www.goldenocean.bm or by dialing in using provided phone numbers, including US Toll-Free: +1 877 870 9135. Conference ID for the event is 8843228. Replay details will also be available post-event, facilitating access to the session and presentation materials.
Golden Ocean Group Limited has announced its third quarter 2021 results presentation, scheduled for today at 15:00 CET. Investors can attend via a webcast or conference call. Key dial-in numbers for the conference include international and toll-free options for the UK, Norway, and the US. The presentation material will be available for download on the company's website, and playback details will also be accessible there. This announcement is in compliance with the Norwegian Securities Trading Act disclosure requirements.
Golden Ocean Group Limited (NASDAQ: GOGL) announced its Q3 2021 results, reporting a net income of $195.3 million and earnings per share of $0.97, a significant increase from Q2's $104.5 million and $0.52, respectively. The company achieved adjusted EBITDA of $229.7 million, up from $130.5 million in Q2. Average TCE rates for Capesize and Panamax vessels were reported at $38,142 and $24,733 per day. Additionally, a $0.85 cash dividend per share was announced for the quarter. Golden Ocean continues to maintain a strong position in the market with significant cash flow generation.
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