US EditionCMB.TECH and Golden Ocean Finalize Merger Terms to Create Shipping Giant
- CMB.TECH and Golden Ocean agreed on merger terms on May 28, 2025, to combine their shipping operations and form a leading maritime group.
- The deal follows an April 22, 2025 announcement of intent and aims to merge Golden Ocean into CMB.TECH Bermuda Ltd under a stock-for-stock agreement valued at $1.4 billion.
- The combined fleet will exceed 250 vessels, including dry bulk, tankers, containers, and offshore support, with CMB.TECH shareholders owning about 70% and Golden Ocean shareholders 30%.
- Golden Ocean CEO Peder Simonsen noted a first-quarter net loss of $44 million caused by softer charter rates and trade disruptions, while CMB.TECH CEO Alexander Saverys emphasized pursuing ammonia and hydrogen fuel leadership.
- Completion depends on regulatory and shareholder approvals and SEC filings, with the merger expected in Q3 2025, creating a more diversified and resilient shipping company amid sector challenges.
13 Articles
13 Articles
CMB.Tech takes over Norwegian shipping Ocean Group – The Observatorial
The Antwerp maritime group CMB.Tech – the former Euroonav – takes over the Norwegian Drogebulbulkrederij Golden Ocean Group. CMB.Tech announced this itself on Wednesday evening. The merger creates “one of the largest diversified listed maritime groups in the world, with a combined fleet of more than 250 ships”. The listed CMB.Tech, which is in the […]
CMB.TECH and Golden Ocean Announce Plan of $1.5 bn Merger
CMB.TECH and Golden Ocean have signed an agreement and plan of merger for a stock-to-stock merger valued at $1.5 billion, as previously announced on April 22. This Merger will create one of the largest listed diversified maritime groups in the world with a combined fleet of approximately 250 vessels. CMB.TECH shareholders, upon completion of this Golden Ocean and CMB.TECH Merger is creating waves in the shipping industry as it will create larges…
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