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Golden Ocean Group ( (GOGL) ) has issued an update.
On February 12, 2025, Golden Ocean Group Ltd. announced its intention to purchase eight Capesize vessels from SFL Corporation Ltd., marking the 10-year anniversary of their charter-in agreements. This acquisition, valued at $112 million, will be financed through a combination of a new $90 million revolving credit facility and cash on hand, and it is expected to be completed in the third quarter of 2025. Additionally, the company appointed Ms. Tonesan Amissah as a director on February 14, 2025, indicating a potential strategic shift in its governance.
More about Golden Ocean Group
Golden Ocean Group Ltd. operates in the maritime industry, focusing on dry bulk shipping. The company primarily deals with the transportation of bulk commodities like iron ore, coal, and grains, with a market focus on large Capesize vessels.
YTD Price Performance: 0.32%
Average Trading Volume: 1,722,777
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.87B
For a thorough assessment of GOGL stock, go to TipRanks’ Stock Analysis page.
