GOGL News and Press, Golden Ocean Group Limited From 02/13/23

Golden Ocean Group ( NASDAQ: GOGL ) to acquire six modern 208,000 deadweight tons vessels equipped with exhaust gas cleaning systems, or scrubbers, for a total consideration of $291M. The newly-acquired vessels will be chartered back to their former owner, an unrelated third party...

Golden Ocean Group Limited (Nasdaq and OSE: GOGL) ("Golden Ocean" or the "Company"), the world's leading owner of large-size dry bulk vessels, today announces it has entered into an agreement to acquire six modern 208,000 deadweight tons (dwt) vessels equipped with exhaust gas cleaning systems, o...

Golden Ocean Group Limited (the “Company) will publish its financial results for the fourth quarter of 2022 on Thursday February 16, 2023. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcast A conferen...

Summary EGLE may further ride immense tailwinds for TCE rate recovery moving forward, buoyed by China's reopening cadence and growth in demand for coal/grains by 2023. The company also persisted in its strategic vessel renewal and growth program since 2017, divesting older Supramaxes wh...

Summary Value Investor's Edge Live returns in 2023 with an exclusive interview focused on the dry bulk segment of the shipping industry. Gary Vogel, CEO of Eagle Bulk, joined us on 17 January 2023, to discuss the latest trends in the market along with specific company strategy and capit...

Summary Policymakers in China are aiming for GDP growth of up to 6% in 2023, with Hebei potentially ramping up steel manufacturing output after three years of Zero Covid Policy. The potential reversal in housing policy from pre-sale purchases to after-construction sales may also bo...

Summary While the Baltic Dry Index has plunged tragically, we are confident that TCE rates may recover moderately, attributed to the 30Y record low order book and slower steaming in 2023. Peak recessionary fears may contribute to lower rates and volume in Q1'23, but numbers may rebound ...

Summary Dry bulk shipping companies face significant volatility as demand and supply trends become increasingly unstable. Time charter rates have fallen significantly recently as the global economy faces a recessionary dynamic. Increased commodity demand from the Americas due to the...

Summary Due to the continuing global recession, the dry bulk market outlook is not strong. Based on the CCA method, compared to other dry bulk stocks, SBLK stock price has a 10% downside potential. However, recent measures by the Chinese authorities may support the demand for dry bu...

Summary Due to the high inflation rates, COVID-19, and the continuing war in Ukraine, the global recession likely will continue hurting the demand for dry bulk commodities. However, the measures of the Chinese government and central bank should support iron ore demand. In a vulnerab...