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GOGL - Interim Results for the Quarter ended September 30, 2008.
(From Hugin)
Golden Ocean Group Limited (the "Company" or "Golden Ocean") reports net income of $118.7 million and earnings per share of $0.43 for the third quarter of 2008. This compares with net income and earnings per share of $52.9 million and $0.20 respectively for the third quarter of 2007. Total operating revenues for the third quarter were $309.8 million, total operating expenses were $242.3 million and net other expenses were $3.1 million. Included in the third quarter results is a gain on sale of assets of $54.4 million. This relates to the two previously announced sales of one Panamax newbuilding delivered from Jiangsu Rong Sheng Heavy Industries and one Capesize newbuilding delivered from Daehan Shipyard in Korea.
Golden Ocean reports net income of $373.4 million for the nine months ended September 30, 2008, equivalent to earnings per share of $1.35.
Cash and cash equivalents decreased by $71.9 million during the quarter. The Company used cash in operating activities of $14.6 million, received $16.7 million from investing activities and paid $74.0 million in financing ...
- GOGL - Establishment of a Golden Ocean Management AS.
- Press release article from: PR Newswire February 3, 2005 700+ words
...establishment of a wholly owned subsidiary, Golden Ocean Management AS. Golden Ocean Management AS will, under the terms of a management...management of GOGL and its subsidiaries. Golden Ocean Management AS has employed Mr. Herman Billung as...
- Golden Ocean Group Ltd receives long-term charter contract for Panamax vessel...
- Newspaper article from: Nordic Business Report March 10, 2008 700+ words
...about USD34m over the time charter period. Golden Ocean Group is a Bermuda-based dry-bulk shipping...Panamax vessels. The company is managed by Golden Ocean Management AS in Norway. Golden Ocean Group is listed on the Oslo Stock Exchange...
- Golden Ocean Group Limited signs sales and lease-back agreement for Kamsarmax...
- Newspaper article from: Nordic Business Report September 24, 2008 700+ words
...sale amount to USD65.3m and Golden Ocean Group is chartering the vessel...vessel back at a fixed price. Golden Ocean Group is a Bermuda-based dry...The company is managed by Golden Ocean Management AS in Norway. One British pound...
- Golden Ocean Group Limited announces new vessel transactions.
- Newspaper article from: Nordic Business Report April 22, 2008 700+ words
...will be delivered during 2011. Golden Ocean Group on Tuesday also said that...day minus a 5% commission. Golden Ocean Group is a Bermuda-based dry...The company is managed by Golden Ocean Management AS in Norway. One British pound...
- FRO - Demerger of Golden Ocean Group Limited.
- Press release article from: PR Newswire December 1, 2004 700+ words
...spin off to Frontline's shareholders of the Company's newly formed Bermuda subsidiary, Golden Ocean Group Limited ("Golden Ocean"). Golden Ocean is expected to be listed on the Oslo Stock Exchange ("OSE") and will maintain its share...
- Golden Ocean Group Outlook Revised to Stable by Standard & Poor's.
- Press release article from: PR Newswire October 6, 1998 700+ words
...Poor's today revised its outlook on Golden Ocean Group Ltd. to stable from positive...amp; Poor's still expects that Golden Ocean will successfully finance and employ...unlikely to warrant an upgrade in 1999. Golden Ocean's corporate rating reflects the company...
- Golden Ocean Group Outlook Revised to Stable by S&P.
- Press release article from: Business Wire October 7, 1998 700+ words
...Poor's today revised its outlook on Golden Ocean Group Ltd. to stable from positive...amp; Poor's still expects that Golden Ocean will successfully finance and employ...unlikely to warrant an upgrade in 1999. Golden Ocean's corporate rating reflects the company...
- Norwegian Golden Ocean sells ship, signs charter.(Golden Ocean Group...
- Newspaper article from: Nordic Business Report August 28, 2009 700+ words
...REPORT-28 August 2009-Norwegian Golden Ocean sells ship, signs charter(C)1994...Norwegian dry-bulk shipping company Golden Ocean Group Ltd (OSL: GOGL) said it will...another ship. By buying Golden Joy, Golden Ocean will end a bareboat charter for it...