Independent journal on economy and transport policy
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SHIPPING
CMB invested $1.18 billion. TECH to acquire 40.8% of Golden Ocean
The Belgian company will buy the stake held by John Fredriksen's Hemen Holding
Anversa
March 5, 2025
The Belgian shipping group CMB. TECH, which has a fleet of over
150 ships, has entered into an agreement to acquire the stake
in the Golden Ocean Group owned by Hemen Holding Ltd.
of the Norwegian shipowner John Fredriksen, a company that is
the reference shareholder of the company Frontline. These are
approximately 81.4 million shares, equal to approximately 40.8% of the share capital
They will be bought at a price of $14.49 per share.
Golden Ocean Group is the company to which the Golden Ocean Group was awarded in 2004
Frontline has contributed its own fleet of bulk carriers
(
of 3
December 2004). CMB. TECH specified that the objective
of the acquisition is to become a long-term shareholder
Golden Ocean and to invest in a fleet of modern ships
Bulk carriers.
The Golden Ocean fleet consists of 91 ships for
a total capacity of 13.7 million tonnes of
deadweight capacity. The company is listed on the stock markets
Nasdaq and Euronext Oslo.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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