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 will host a webcast and conference call today at 16:00 CET to discuss its Q2 2022 results. Participants can join the event via webcast or by conference call. A Q&A session will follow, and presentation materials will be available for download at www.goldenocean.bm.
Golden Ocean Group Limited (NASDAQ/OSE: GOGL) reported strong financial results for Q2 2022, achieving a net income of $163.7 million and earnings per share of $0.82, up from $125.3 million and $0.63 in Q1 2022. The adjusted EBITDA for Q2 was $191.6 million, compared to $149.4 million in Q1. The Company completed a $275 million refinancing of 14 Capesize vessels, reducing cash break-even rates. A cash dividend of $0.60 per share was announced, payable on September 14, 2022. Despite challenges, the outlook remains optimistic due to charter coverage and low fleet growth.
Golden Ocean Group Limited will release its financial results for Q2 2022 on August 25, 2022. A conference call and webcast will occur at 4:00 PM CET (10:00 AM New York Time) on the same day. Investors can access the presentation beforehand from the Investor Relations section of www.goldenocean.bm. To join the discussion, participants must register online to receive dial-in details. A Q&A session will follow the call. This announcement aligns with the Norwegian Securities Trading Act's disclosure requirements.
Golden Ocean Group Limited will host its 2022 Annual General Meeting on September 30, 2022. The record date for voting is designated as August 19, 2022. Notice, agenda, and related materials will be distributed before the meeting.
This announcement complies with the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.
Summary not available.
Golden Ocean Group Limited (GOGL) announced agreements to construct three dual-fuel Kamsarmax vessels, boosting its fleet efficiency. The new vessels, set for delivery between Q3 2024 and Q1 2025, will feature advanced propulsion systems. Additionally, the sale of two Ultramax vessels, Golden Cecilie and Golden Cathrine, generated $63 million, with an expected gain of $22 million. The proceeds will help fund the newbuilding orders while preserving dividend capacity. CEO Ulrik Andersen emphasized the company's commitment to a modern, fuel-efficient fleet and its adaptability to future emissions regulations.
Golden Ocean Group Ltd has announced that eligible option holders have exercised share options. CEO Ulrik Uhrenfeldt Andersen exercised 300,000 options and sold the same number of shares, now retaining 250,000 options. CFO Peder Simonsen exercised 75,000 options, sold 75,000 shares, and currently holds 200,000 options and 500 shares. These transactions comply with Article 19 of the Market Abuse Regulation and the Norwegian Securities Trading Act, with additional details provided in the attached forms.
Golden Ocean Group Limited will present its first quarter 2022 results today at 15:00 CET via a webcast and conference call. Interested parties can attend the webcast through a provided link or join by dialing the applicable numbers based on their location, including international and toll-free options for the US, UK, and Norway. Presentation materials will be available for download on the company's website, and replay details will also be accessible there. This information complies with the Norwegian Securities Trading Act disclosure requirements.
Golden Ocean Group Limited (NASDAQ: GOGL) reported its unaudited results for Q1 2022, showing a net income of $125.3 million and earnings per share of $0.63, a decline from $203.8 million and $1.02 in Q4 2021. Adjusted EBITDA was $149.4 million, down from $243.5 million the previous quarter. The Company announced a cash dividend of $0.50 per share, payable on June 8, 2022. Average TCE rates for Capesize and Panamax vessels were reported at $24,778 and $23,693 per day, with expectations for higher rates in Q2 and Q3 2022.
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.
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