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 Limited (GOGL) reported its unaudited results for Q3 2022, showcasing a net income of $104.6 million and earnings per share of $0.52, down from $163.7 million and $0.82 in Q2 2022. The adjusted EBITDA also decreased to $118.2 million from $191.6 million. The average TCE rates were $22,658 for Capesize and $23,562 for Panamax/Ultramax. Notably, the sale of two vessels yielded a $21.9 million gain. A cash dividend of $0.35 per share was announced, along with a $100 million share buy-back program.
Golden Ocean Group Limited is set to release its third quarter financial results for 2022 on November 16, 2022. A conference call and webcast will occur at 3:00 P.M. CET (9:00 A.M. New York Time) on the same day. Interested parties can access the presentation via the Investor Relations section of the company's website, where the downloadable presentation will be available before the event. A Q&A session will follow the conference call/webcast, with details on question submission provided at the start of the session.
Golden Ocean Group Limited (OSE/NASDAQ: GOGL) has announced a share buy-back program, authorized on October 4, 2022, with a maximum budget of USD 100 million to repurchase up to 10 million common shares over the next 12 months. The buy-backs will take place on both the Oslo Stock Exchange and NASDAQ, with a maximum price of USD 10.00 per share. CEO Ulrik Uhrenfeldt Andersen noted this decision aims to enhance shareholder returns amid economic uncertainty, reflecting the company's strong balance sheet and positive long-term outlook.
Golden Ocean Group Limited conducted its 2022 Annual General Meeting on September 30, 2022, where shareholders reviewed the audited financial statements for the year ended December 31, 2021. Significant resolutions passed included setting a maximum of eight Directors, re-electing existing Directors, and re-appointing PricewaterhouseCoopers AS as auditors. The Board of Directors’ remuneration was approved at a total not exceeding US$600,000 for 2022. An amendment to the Company’s bye-laws was also approved.
Golden Ocean Group presented at the Pareto Securities’ 29th Energy Conference on September 15, 2022. The event focused on key developments in the energy sector and their implications for shipping companies. Golden Ocean Group highlighted its strategies to navigate market challenges and capitalize on growth opportunities. The presentation is available for download, offering insights into the company's vision, operational efficiencies, and expected industry trends. Investors are encouraged to review the materials to understand the company's positioning within the evolving energy landscape.
Golden Ocean Group Limited has scheduled its 2022 Annual General Meeting for September 30, 2022. Key documentation including the Notice of Annual General Meeting and the 2021 Consolidated Financial Statements on Form 20-F are available on the company's website. This meeting will adhere to the disclosure requirements set forth by Section 5-12 of the Norwegian Securities Trading Act. Interested parties can access the attachments linked in the release.
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.
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