STOCK TITAN

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.

Rhea-AI Summary

Golden Ocean Group (NASDAQ/OSE: GOGL) has announced that CEO Lars-Christian Svensen will step down to pursue new opportunities. CFO Peder Simonsen will assume the role of Interim CEO while maintaining his current position. Svensen will be available to the company until September 1, 2024. The transition was acknowledged by Chairman Ola Lorentzon, who thanked Svensen for his contributions. Svensen expressed gratitude for his tenure and confidence in the company's future. The announcement complies with the Norwegian Securities Trading Act.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
-
News
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.27%
Tags
-
News
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.27%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
conferences earnings
-
News
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
none
-
Rhea-AI Summary
Golden Ocean Group announces its 2024 Annual General Meeting to be held on April 29, 2024. The Notice of Annual General Meeting and 2023 Consolidated Financial Statements are available on the company's website. The Board of Directors in Hamilton, Bermuda, disclosed this information as per the Norwegian Securities Trading Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
none
Rhea-AI Summary
Golden Ocean Group (GOGL) announces the date for its 2024 Annual General Meeting and record date for voting. The meeting will be held on April 29, 2024, with the record date set on April 2, 2024. Shareholders can access the Notice of Annual General Meeting and the Company's Annual Report on Form 20-F on the Company's website prior to the meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
Tags
none
-
Rhea-AI Summary
Golden Ocean Group (GOGL) has filed its annual report on Form 20-F for 2023 with the SEC. The report includes audited financial statements and can be accessed on the company's website or SEC's site. Shareholders can request a hard copy. Contact details are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
none
-
News
Rhea-AI Summary
Golden Ocean Group Limited announces fourth quarter 2023 results with a webcast and conference call scheduled. Participants can join via webcast or conference call and submit questions during the Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
Tags
News
Rhea-AI Summary
Golden Ocean Group Limited (GOGL) reports strong financial performance with net income of $57.5 million for Q4 2023, compared to $28.7 million in Q3. Adjusted EBITDA reaches $123.2 million. The company completes vessel transactions and secures $625 million in financing. Estimated TCE rates for Q1 and Q2 2024 are promising.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
Tags

FAQ

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

2.60B
120.57M
39.63%
31.67%
1.74%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
14 Par La Ville Road