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Golden Ocean Group Dropped from S&P Global BMI Index Amid Fleet Growth
ByAinvest
Thursday, Aug 21, 2025 9:22 pm ET1min read
Golden Ocean Group Limited, a dry bulk maritime transport company, has been dropped from the S&P Global BMI Index. The company operates a fleet of 91 vessels, including 83 owned, as of December 31, 2024.
Golden Ocean Group Limited (GOGL), a prominent player in the dry bulk maritime transport sector, has been dropped from the S&P Global BMI Index. This decision was announced amidst a series of strategic moves involving the company's parent entity, Cmb.Tech NV (ENXTBR:CMBT).Cmb.Tech NV, a leading technology and logistics company, completed the acquisition of the remaining 50.65% stake in Golden Ocean Group Limited on August 20, 2025 [1]. This acquisition, which included a stock-for-stock merger, saw Cmb.Tech NV issuing 95,952,934 new shares, resulting in Cmb.Tech NV shareholders owning approximately 70% of the combined company's share capital [1].
The delisting of Golden Ocean Group Limited from the S&P Global BMI Index is a significant development, particularly given the company's substantial presence in the dry bulk shipping sector. As of December 31, 2024, Golden Ocean Group Limited operated a fleet of 91 vessels, including 83 owned vessels [1]. This fleet size places the company among the major players in the maritime transport industry.
The decision to delist from the S&P Global BMI Index may have several implications for Golden Ocean Group Limited. Delisting can impact the company's visibility and accessibility to investors, potentially affecting its ability to attract new capital. However, the strategic partnership with Cmb.Tech NV could provide new opportunities for growth and operational efficiency.
The market reaction to this news will be closely watched, as investors assess the impact of the delisting and the potential synergies between Cmb.Tech NV and Golden Ocean Group Limited. The future of Golden Ocean Group Limited will depend on its ability to leverage the resources and expertise of its new parent company to navigate the challenges and opportunities in the maritime transport sector.
References:
[1] https://www.marketscreener.com/news/cmb-tech-nv-completed-the-acquisition-of-remaining-50-65-stake-in-golden-ocean-group-limited-ce7c51d2da8af324
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