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) is a leading dry bulk shipping company specializing in global commodity transportation. This page provides investors and industry stakeholders with timely updates on corporate developments, financial performance, and maritime logistics operations.
Access authoritative coverage of earnings announcements, vessel acquisitions, charter contract negotiations, and strategic initiatives. Our curated news feed consolidates press releases and market analyses related to GOGL's fleet management practices and dry bulk shipping industry leadership.
Key focus areas include time charter rate updates, fleet expansion projects, and global trade pattern analysis. Stay informed about operational milestones through verified reporting on index-linked contracts, regulatory compliance developments, and commodity shipping trends.
Bookmark this page for streamlined access to GOGL's latest business updates. Check regularly for essential insights into the company's role in iron ore, coal, and grain transportation markets, supported by its diversified vessel portfolio and chartering expertise.
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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