- CMB.TECH completed its $1 billion merger with Golden Ocean, issuing nearly 96 million new shares to Golden Ocean shareholders.
- Golden Ocean ceased trading on Nasdaq and Oslo Børs, with new CMB.TECH shares now listed on NYSE, Euronext Brussels, and Euronext Oslo Børs.
- The combined fleet of over 250 vessels includes more than 80 hydrogen- and ammonia-ready ships, with a market value above $11 billion.
- The group holds a contract backlog of $3 billion and liquidity exceeding $400 million.
CMB.TECH has completed its merger with Golden Ocean, marking a significant milestone in the consolidation of the global shipping sector. The transaction, valued at more than $1 billion, followed CMB.TECH’s purchase of John Fredriksen’s stake earlier this year and subsequent shareholder approval in August.
As part of the deal, Golden Ocean shareholders received nearly 96 million CMB.TECH shares, while Golden Ocean ceased trading on Nasdaq and Oslo Børs exchanges. The newly issued shares are now listed on the New York Stock Exchange, Euronext Brussels, and Euronext Oslo Børs.
The combined group now operates a fleet of over 250 vessels, spanning bulk carriers, tankers, containerships, offshore wind vessels, and port vessels. More than 80 of these ships are hydrogen- and ammonia-ready, reflecting the company’s focus on decarbonization.
With a market value exceeding $11 billion, a contract backlog of around $3 billion, and liquidity above $400 million, the merger positions CMB.TECH as a leading diversified maritime group with an average fleet age of just over six years.
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Source: Lloyd’s List
