On the Record · Golden Ocean Group
Golden Ocean Group acquisitions, on the record
The businesses Golden Ocean Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Knightsbridge Shipping Limited and Golden Ocean Group Limited (Former Golden Ocean)Word for word“The Merger was completed on March 31, 2015, and the name of Knightsbridge was changed to Golden Ocean Group Limited.” 20-F for 2022 | merger | completed on March 31, 2015 | — |
29 special purpose companies, each owning a dry bulk newbuilding, from Frontline 2012 LtdWord for word“In 2014, we made significant expansion in the dry bulk segment by acquiring 29 special purpose companies, from Frontline 2012 Ltd ("Frontline 2012"), each owning a dry bulk newbuilding, all of which were delivered to us between 2014 and 2018.” 20-F for 2022 | acquisition | — | — |
15 modern dry bulk vessels and three newbuildings from affiliates of HemenWord for word“In February 2021, we entered into an agreement to acquire 15 modern dry bulk vessels and three newbuildings for a total consideration of $752.0 million from affiliates of Hemen, our largest shareholder (the "Vessel Acquisitions").” 20-F for 2022 | acquisition | — | total consideration of $752.0 million |
six scrubber fitted Newcastlemax vessels from an unrelated third partyWord for word“In February 2023, we signed agreements for the acquisition of six scrubber fitted Newcastlemax vessels from an unrelated third party for a total consideration of $291.0 million.” 20-F for 2022 | agreed acquisition | — | total consideration of $291.0 million |
SeaTeam Management Pte. Ltd. (associate company)Word for word“$0.9 million proceeds received for sale of associate company SeaTeam Management Pte. Ltd. in 2020.” 20-F for 2022 | divestiture | 2020 | $0.9 million |
Frontline 2012 Ltd (29 special purpose companies)Word for word“In 2014, we made significant expansion in the dry bulk segment by acquiring 29 special purpose companies, from Frontline 2012 Ltd ("Frontline 2012"), each owning a dry bulk newbuilding, all of which were delivered to us between 2014 and 2018.” 20-F for 2023 | agreed acquisition | In 2014 | — |
Former Golden Ocean (Knightsbridge merger)Word for word“The Merger was completed on March 31, 2015, and the name of Knightsbridge was changed to Golden Ocean Group Limited.” 20-F for 2023 | merger | The Merger was completed on March 31, 2015 | — |
Six scrubber fitted Newcastlemax vessels from H-Line, an unrelated third partyWord for word“In February 2023, we signed agreements for the acquisition of six scrubber fitted Newcastlemax vessels Golden Aquamarine, Golden Duke, Golden Earl, Golden Walcott, Golden Emerald and Golden Sapphire from H-Line, an unrelated third party for a total consideration of $291.0 million.” 20-F for 2023 | agreed acquisition | In February 2023 | $291.0 million |
Supramax vessel Golden Hawk, chartered-in, sold to an unrelated third partyWord for word“Subsequent to entering into the purchase agreement, the Company entered into an agreement to sell the Supramax vessel to an unrelated third party, for total consideration of $21.6 million.” 20-F for 2023 | agreed divestiture | — | $21.6 million |
Former Golden Ocean Group LimitedWord for word“The Merger was completed on March 31, 2015, and the name of Knightsbridge was changed to Golden Ocean Group Limited.” 20-F for 2024 | merger | March 31, 2015 | — |
three older Kamsarmax vessels, Golden Empress, Golden Enterprise and Golden EndeavourWord for word“In February 2022, we entered into an agreement to sell en-bloc three older Kamsarmax vessels, Golden Empress , Golden Enterprise and Golden Endeavour to an unrelated third party for a total gross amount of $52.0 million.” 20-F for 2024 | divestiture | February 2022 | $52.0 million |
six scrubber fitted Newcastlemax vessels from H-LineWord for word“In February 2023, we signed agreements for the acquisition of six scrubber fitted Newcastlemax vessels Golden Aquamarine, Golden Duke, Golden Earl, Golden Walcott, Golden Emerald and Golden Sapphire from H-Line, an unrelated third party for a total consideration of $291.0 million.” 20-F for 2024 | acquisition | February 2023 | $291.0 million |
Panamax vessel Golden SuekWord for word“In September 2023, we entered into and completed the sale of one Panamax vessel, Golden Suek , to an unrelated third party for a total gross amount of $15.0 million, recognizing a gain from sale of $0.8 million.” 20-F for 2024 | divestiture | September 2023 | $15.0 million |
two Capesize vessels, Golden Feng and Golden ShuiWord for word“In March 2023, the Company entered into an agreement to sell two Capesize vessels, Golden Feng and Golden Shui , to an unrelated third party for a total gross amount of $44.0 million, and the Company recorded an impairment loss of $11.8 million in connection to the sale.” 20-F for 2024 | agreed divestiture | March 2023 | $44.0 million |
Read from Golden Ocean Group’s annual reports (20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2025-03-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.