GOGL Golden Ocean Group Limited

Aksjetips

Aksjetips

Administrator
Golden Ocean Group Limited (GOGL) er et Bermudaselskap stiftet i 1996, som driver transport av tørrbulklast. Gjennom sine datterselskaper eier og driver Golden Ocean en flåte bestående av 77 tørrbulkskip,inkludert nybygg, time charter in og skip i joint venture. Hver av Golden Oceans skip er registrert under Marshalløyene eller Hong Kong flagg. Total kapasitet for selskapets flåte er ca. 10.6 millioner dødvekttonn.

Hjemmeside: www.goldenocean.bm
 
Børsmelding fra GOGL i kveld:

20.11.2017 19:00
GOGL - Issuance of new shares in connection with delivery of vessel

Reference is made to the stock exchange notice dated October 16, 2017 where
Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the
"Company") announced that it has entered into agreements to acquire two modern
Capesize 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 ("Hemen"), the Company's largest shareholder, at a purchase
price of USD 43.0 million per vessel.

The Company is pleased to announce that it has taken delivery of one vessel, Sea
Behike (to be renamed Golden Behike). Golden Ocean has issued 2,000,000 shares
to Hemen as part of the purchase price for the vessel. Following this
transaction, the Company's issued share capital is USD 7,106,884.85 divided into
142,137,697 issued shares, each with a nominal value of USD 0.05.
 
21.11.2017 08:08
SHAREHOLDING DISCLOSURE
Reference is made to the stock exchange notice dated November 20, 2017, where Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the "Company") announced that it had taken delivery of the vessel Sea Behike. Hemen Holding Limited ("Hemen"), which is indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family, has received 2,000,000 common shares in the Company as part of settlement of the purchase price for the vessel. Following this, Hemen, together with certain of its affiliates, owns 47,326,353 shares in the Company, equalling approximately 33.3 per cent of the Company's common shares and votes. In addition, Hemen holds TRS agreements with underlying exposure to 4,500,000 shares in the Company. The expiry date of the TRS agreements is December 6, 2017 and the TRS price is NOK 73.81 per share. Further, Hemen holds in aggregate USD 124.4 million in the Golden Ocean 14/19 3.07% USD 200m Convertible Bond, convertible into 1,411,230 shares in the Company, equalling approximately 1.0 per cent of the shares and votes in the Company.
 
21.11.2017 08:15
GOGL - Third Quarter 2017 Results

Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the "Company" or "Golden Ocean"), a leading dry bulk shipping company, today announced its results for the quarter ended September 30, 2017.

Highlights

· Net income of $0.4 million and earnings per share of $0.00 for the third quarter of 2017, compared with net loss of $12.0 million and loss per share of $0.10 for the second quarter of 2017 and net loss of $26.7 million and loss per share of $0.25 for the third quarter of 2016.
· Adjusted EBITDA of $40.4 million for the third quarter of 2017 compared with $29.7 million in the second quarter of 2017 and $8.6 million for the third quarter of 2016.
· Entered into agreement to sell six Ultramax vessels.
· Took early delivery of one Capesize newbuilding and took delivery of the remaining three of the14 modern dry bulk vessels acquired from Quintana Shipping Ltd. ("Quintana") earlier this year.
· Raised $100 million in capital through a $66 million equity offering and a $34 million equity in-kind contribution as partial consideration for two modern Capesize vessels acquired from affiliates of Hemen Holding Limited ("Hemen").
· Terminated the covenant waivers related to the Company's recourse debt.

Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management AS, commented:

"Golden Ocean returned to profitability in the third quarter of 2017 and significantly improved the operating cash flow in an improving freight environment. The Company has taken a series of steps to maximize its market leverage by focusing commercial efforts on the vessel segments we believe provide the greater exposure to a recovery in the dry bulk shipping market. The Company's financial position has also been enhanced significantly over the past twelve months following improved operating results, strategic asset sales, and the equity issuance completed last month."

Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, commented:

"We are pleased to report that Golden Ocean has been able to terminate waivers on its recourse debt and return to normal financial covenants as well as removing restrictions on new acquisitions, new debt and dividend payments one year ahead of the timeline the Company previously agreed to with the lenders. With our strong cash balance and continued debt amortization payments, our balance sheet should continue to strengthen. This provides us the financial flexibility with respect to the majority of our free cash flow to pursue additional opportunities and build shareholder value."

GOGL Report Q3 2017
 
Børsmelding:

18.01.2018 19:50
GOGL - Issuance of new shares in connection with delivery of vessel

Reference is made to the stock exchange notice dated October 16, 2017 where
Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the
"Company") announced that it has entered into agreements to acquire two modern
Capesize 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 ("Hemen"), the Company's largest shareholder, at a purchase
price of USD 43.0 million per vessel.

The first vessel, Golden Behike, was delivered in November 2017. The Company is
pleased to announce that it has now taken delivery of the second vessel, Sea
Monterrey (to be renamed Golden Monterrey). Golden Ocean has issued 2,000,000
shares to Hemen as part of the purchase price for the vessel. Following this
transaction, the Company's issued share capital is USD 7,209,884.85 divided into
144,197,697 issued shares, each with a nominal value of USD 0.05.
 
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