Golden Ocean Group Limited News

Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners, announces that it has entered into agreements for the construction of three high-specification 85,000 dwt ECO-type dual-fuel Kamsarmax vessels, which will be equipped with the latest and most efficient propulsion system. Additionally, the Company announces the sale of two Ultramax vessels, Golden Cecilie and Golden Cathrine. Seven newbuilding vessels The newbuilding vessels will have the same specificatio...

Golden Ocean Group Limited, the owner of large size dry bulk vessels, announces the sale of three of its oldest Panamax vessels, Golden Empress, Golden Enterprise, and Golden Endeavour, delivered in 2010 and 2011, as part of the Company’s ongoing strategy to ensure that it operates a modern, fuel-efficient fleet with a reduced emissions profile. The combined sales price of the three vessels is $52.0 million, and the Company expects to record a gain from the sales of approximately $9.6 mil...

Golden Ocean Group Ltd announces the appointment of Mr. Jens Martin Jensen as Director. Jens Martin Arveschoug Jensen joined Seatankers Management on 1st March 2022 before that he was the CEO of Athenian Holdings. Jensen's work experience  He previously served as Head of Shipping at New Fortress Energy (USA) and before that he was a Partner at Pillarstone Europe. From May 2008 to September 2014, he was the CEO of Frontline Management AS. Mr. Jensen has served as a director of variou...

Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners announces the sale of two older Panamax vessels, Golden Opportunity and Golden Endurer, and an agreement to construct four Kamsarmax vessels. Sale price The aggregate sale price of the vessels is $37.2 million, and the Company expects to record a gain from sale of approximately $4.9 million in Q3 2021 and $5.0 million in Q4 2021 and receive net cash proceed of approximately $22.2 million in Q4. The net cas...

Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners announces that it has entered into an agreement for the construction of three high-specification latest generation 85,000 dwt ECO-type Kamsarmax vessels, which will be constructed at a first-class Chinese yard. Propulsion system The vessels will be equipped with the latest and most efficient propulsion system, contributing to significant improvements in fuel consumption and emissions performance. The vessel...

Golden Ocean Group Limited Ltd announces that Marius Hermansen has resigned as a Director of the Company. Mr. Hermansen has served as a Director since September 2019. The Board would like to thank Mr. Hermansen for his contribution and wishes him well in his future pursuits. Larsen’s experience The Board is pleased to announce that Mr. Bjørn Tore Larsen will replace Mr. Hermansen. Mr. Larsen is currently the Chairman of the OSM Maritime Group, a world-leading ship management comp...

Golden Ocean Group Limited is contemplating entering into a transaction for the acquisition of 18 modern scrubber-fitted dry bulk vessels consisting of 10x Newcastlemaxes built 2019-21 and 8x Kamsarmaxes built 2020-21 (the “Vessels”) from affiliates of Hemen Holding Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, the Company’s largest shareholder. Fleet renewal strategy The transaction will add sig...

Golden Ocean Group Limited (GOGL) announced that the Company had appointed Lars-Christian Svensen as the Chief Commercial Officer of Golden Ocean Management AS effective from 1st December 2020. Mr. Svensen, who is based in Oslo, most recently worked for Western Bulk. In this asset-light dry bulk operator, he was responsible for South Atlantic and U.S. Gulf chartering operations. Chartering experience His experience managing a chartering environment leverages digitalisation, analytics, and ris...

Golden Ocean Group Limited announced that the Company and Mr. Thomas Semino, the Chief Commercial Officer of Golden Ocean Management AS, have reached an agreement pursuant to which Mr. Semino will be stepping down from his current role. Mr. Semino, who is based in Singapore, has agreed to make himself available in the near term to assist Golden Ocean with an orderly transition of his responsibilities. CEO’s comments Mr. Ulrik Andersen, Chief Executive Officer of Golden Ocean Management...

Golden Ocean Group Limited announced that Mr. Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, has submitted his notice of resignation. Mr. Heiberg has held this position since April 2016 and has worked for the company in various capacities since July 2005. New CFO appointed Prior to joining Avance Gas AS in 2014, Peder was First Vice President at Nordea Bank Norge ASA The Company also announced that Peder Simonsen has been appointed as the new CFO of Golden Ocean Manageme...

The Board of Golden Ocean Group Limited is pleased to announce the appointment of Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS from Tuesday, April 14, 2020. Mr. Andersen comes from a position as Chief Executive Officer of Avance Gas AS and previously worked as Head of Shipping for Petredec, Managing Director for Neu Gas Shipping, and Head of the Maersk VLGC Pool. Management skills and strategic insight We are confident Ulrik will move the Company...