Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group Limited has scheduled its 2023 Annual General Meeting for May 8, 2023. Detailed information, including the Notice of the Meeting and the Company’s Consolidated Financial Statements on Form 20-F for 2022, is available on the Company’s website at www.goldenocean.bm.

The announcement was made on April 12, 2023, by the Board of Directors based in Hamilton, Bermuda. This press release complies with disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.

Golden Ocean Group Limited announces its 2023 Annual General Meeting (AGM) set for May 8, 2023. Shareholders must note that the record date for voting at the AGM is April 11, 2023. Detailed notice, agenda, and associated materials will be circulated ahead of the meeting.

The announcement emphasizes compliance with disclosure requirements under the Norwegian Securities Trading Act.

Golden Ocean Group Limited (NASDAQ: GOGL) has filed its annual report on Form 20-F for the year ending December 31, 2022, with the U.S. Securities and Exchange Commission. Shareholders can access the report on the company’s website at www.goldenocean.bm or the SEC website at www.sec.gov. The report includes the complete audited financial statements for 2022. Shareholders may request a hard copy by contacting the Investor Relations department. The filing is in accordance with the disclosure requirements of the Norwegian Securities Trading Act.

Golden Ocean Group Limited is set to present its fourth quarter 2022 results during a webcast and conference call scheduled for 15:00 CET today. Stakeholders can attend the event by following the provided webcast link or registering for the conference call here. A Q&A session will follow the presentations.

Golden Ocean Group Limited (GOGL) reported unaudited financial results for Q4 and FY 2022, highlighting a net income of $68.2 million and earnings per share of $0.34 for the fourth quarter, down from $104.6 million and $0.52 in Q3. The company achieved an adjusted EBITDA of $112.4 million in Q4. TCE rates for Capesize vessels averaged $21,399, and for Panamax/Ultramax vessels, $18,992. The company announced a cash dividend of $0.20 per share and disclosed plans to acquire six Newcastlemax vessels for $291 million, with financing arrangements in place. CEO Ulrik Andersen remains optimistic about future dry bulk demand.

Golden Ocean Group Limited (Nasdaq: GOGL) has announced an agreement to acquire six modern dry bulk vessels for $291 million. These 208,000 dwt vessels, equipped with scrubbers, will be chartered back to their previous owner for about 36 months at a daily rate of $21,000. This acquisition positions Golden Ocean as the largest owner of modern Capesize vessels, enhancing its fuel efficiency and emissions profile, aligning with its target to reduce emissions by 30% by 2030. The deal will be financed through a new $233 million credit facility and internal cash, preserving the company's dividend capacity.