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The latest update is out from Golden Ocean Group ( (GOGL) ).
Golden Ocean Group Limited has exercised purchase options for eight Capesize vessels from subsidiaries of SFL Corporation Ltd. with a total purchase price of $112 million. The acquisition, financed through a $90 million revolving credit facility and cash on hand, is set to be completed by Q3 2025, marking a significant expansion in its fleet and enhancing its operational capacity in the bulk shipping industry.
More about Golden Ocean Group
Golden Ocean Group Limited is a prominent player in the shipping industry, with a focus on the acquisition and operation of Capesize vessels, which are large cargo ships primarily used for transporting bulk commodities such as coal and iron ore across major sea routes.
YTD Price Performance: -1.07%
Average Trading Volume: 1,689,654
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.86B
For detailed information about GOGL stock, go to TipRanks’ Stock Analysis page.
