The deal brings Golden Ocean’s 89 dry bulk vessels, with a capacity of 13.5 million DWT, into CMB.TECH’s Bocimar brand, expanding the combined fleet to around 250 vessels with an average age of just over six years. Dry bulk now becomes the group’s largest segment.
Golden Ocean’s last day of trading on NASDAQ and the Oslo Børs was August 19. Shareholders received nearly 96 million newly issued CMB.TECH ordinary shares at an exchange ratio of 0.95 shares for each Golden Ocean share. Following the transaction, CMB.TECH launched a new listing on the Oslo Børs, in addition to its existing listings in New York and Brussels.
“In less than 18 months, we have transformed a pure play crude oil tanker company into a leading diversified and future-proof maritime group,” said CMB.Tech CEO, Alexander Saverys.
The group carries a contract backlog of around $3bn and has more than $400m, underlining scope for further investment.
CMB.Tech has been scaling its low-carbon technology, with projects ranging from hydrogen dual-fuel tugboats with Damen to partnerships with Mitsui O.S.K. Lines and Fortescue on ammonia-powered bulk carriers and tankers set to enter service from 2026.
