Golden Ocean Group ( (GOGL) ) just unveiled an announcement.
Golden Ocean Group reported a net income of $39 million for the fourth quarter of 2024, a decrease from the previous quarter, but achieved a significant increase in full-year net income compared to 2023. The company is strategically upgrading its fleet and has exercised a purchase option for eight vessels, partially financed by a new credit facility. Despite market fluctuations, Golden Ocean remains optimistic about future prospects due to supportive supply-side dynamics and strong global demand.
More about Golden Ocean Group
Golden Ocean Group Limited is the world’s largest listed owner of large size dry bulk vessels, focusing on the Capesize and Newcastlemax segments, which are known for favorable market dynamics. The company is committed to maintaining a modern and fuel-efficient fleet to capitalize on global dry bulk demand and create value for shareholders.
YTD Price Performance: -0.43%
Average Trading Volume: 1,760,217
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.86B
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