The latest announcement is out from Golden Ocean Group ( (GOGL) ).
Hemen Holding Limited has agreed to sell its entire 40.8% stake in Golden Ocean Group to CMB.TECH for approximately USD 1,179 million. This transaction highlights CMB.TECH’s recognition of Golden Ocean’s value and strength in the drybulk shipping sector, with the completion expected by March 12, 2025.
More about Golden Ocean Group
Golden Ocean Group Limited is a prominent player in the drybulk shipping industry, focusing on owning and operating large size modern drybulk vessels. Since its spin-off from Frontline in 2004, the company has expanded its fleet from 3 to 91 vessels and has consistently returned value to its shareholders through dividends.
YTD Price Performance: 3.85%
Average Trading Volume: 2,002,727
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.94B
See more insights into GOGL stock on TipRanks’ Stock Analysis page.