GOGL Stock Recent News

Svensen decides to step down as Golden Ocean's (GOGL) chief executive officer after one year at the helm.

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Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean")  today announced that Lars-Christian Svensen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position to seek new opportunities. The Board has appointed the company's CFO, Peder Simonsen, to take the role as Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS. Mr. Svensen will be available for the company till September 1, 2024.

Golden Ocean Group Limited (NASDAQ:GOGL ) Q1 2024 Earnings Conference Call May 22, 2024 9:00 AM ET Company Participants Lars-Christian Svensen - CEO Peder Simonsen - CFO Conference Call Participants Sherif Elmaghrabi - BTIG Omar Nokta - Jefferies Operator Good day, and thank you for standing by. Welcome to the First Quarter 2024 Golden Ocean Group Limited Earnings Conference Call.

Please find enclosed the presentation of Golden Ocean Group Limited's first quarter 2024 results for today's webcast / conference call at 15:00 CEST. Attend by Webcast: Use the follow link prior to the webcast: GOGL Q1 2024 Webcast Attend by Conference Call: Participants will need to register online prior to the conference call via the link below.

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2024.

High operating costs are likely to have hurt Golden Ocean's (GOGL) performance in first-quarter 2024.

Golden Ocean Group (NASDAQ: GOGL) stock price has done well this year, helped by its strong market share gains. It has soared by over 50% while the Nasdaq 100 and S&P 500 indices have risen by less than 10%.

Golden Ocean Group (GOGL) reachead $14.13 at the closing of the latest trading day, reflecting a +0.28% change compared to its last close.

GOGL is the only public pure-play capesize provider on the market - in theory, this shipping niche should suffer less than others from the imminent influx of new supply. For the 11th consecutive quarter, GOGL announced a cash dividend of $0.30 per share for Q4 2023 - that was 50% more than last year for the same period. The company has succeeded in significantly reducing its debt - the process of debt reduction has been in full swing recently and has not stopped at the deterioration in profitability.