Overview Ship Business Not Shipping Capesize ships are too large and sit in water so deep they cannot pass through the Suez and Panama Canals. Capesize is a sobriquet because they pass through Cape Horn and COGH. Panamax ships squeeze through the Panama Canal. On May 22, '24, management issued its Q1 '24 financial report and this statement: Golden Ocean has been successfully pursuing a strategy of investing in the Company's fleet to ensure the ability to generate cash flow under any market circumstances. Th ...

Golden Ocean Group (GOGL) recently announced that Lars-Christian Svensen has decided to step down as the chief executive officer or CEO of Golden Ocean Management AS to seek new opportunities. The company is the owner of one of the largest dry bulk fleets in the world. Golden Ocean Group Management AS is responsible for management of the fleet. GOGL would he hoping that the company performs well on the bourse under Simonsen as well. Following the exit of Svensen from the top position, GOGL has appointed Ped ...

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Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean") today announced that Lars-Christian Svensen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position to seek new opportunities. The Board has appointed the company's CFO, Peder Simonsen, to take the role as Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS. Mr. Svensen will be available for the company till September 1, 2024. The Board of Directors ...

"I would like to thank Lars-Christian for his valuable contributions to the company as CCO and CEO and wish him all the best for the future", said Ola Lorentzon, Chairman of Golden Ocean. This information is subject to the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act. Lars-Christan Svensen commented: "I would like to thank the Board and my colleagues for wonderful years. I am proud to have contributed to the Company's success and development during my tenure. I wish the Co ...

EXHIBIT 99.1 INTERIM FINANCIAL INFORMATION GOLDEN OCEAN GROUP LIMITED First Quarter 2024 May 22, 2024 Hamilton, Bermuda, May 22, 2024 - Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean"), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2024. Highlights Lars-Christian Svensen, Chief Executive Officer, commented: "Golden Ocean was well positioned as the new year got underway with significant spo ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2024 was $114.3 million, down from $123.2 million in Q4 2023 [2] - Net income increased to $65.4 million with earnings per share of $0.33, compared to $57.5 million and $0.29 per share in Q4 2023 [2][24] - Total operating expenses were $62.6 million, slightly down from $63.4 million in Q4 [4] - Cash flow from operations was $115.8 million, with a total net increase in cash of $28.8 million [12] Business Line Data and Key Metrics Changes - TCE rates for Capesize vessels were approximately $27,200 per day, while Panamax vessels achieved about $15,000 per day, resulting in a combined fleet-wide TCE of $22,600 per day, down from $23,000 in Q4 2023 [10][11] - The company drydocked two ships in Q1, resulting in approximately 97 days offhire compared to 109 days in Q4 [11] Market Data and Key Metrics Changes - Global Capesize trade increased by almost 4% in Q1, with trade flows from the Atlantic to the Pacific up 13% year-on-year [6] - Iron ore imports to China increased by 5% year-on-year, with a notable 30% increase in imports from the Atlantic [26] - Colombian coal exports surged by 52% year-on-year, contributing to strong demand [6] Company Strategy and Development Direction - The company remains focused on the Capesize sector, which is viewed as the most attractive in the dry bulk space, with a low order book and aging fleet [7] - The company is positioned to capitalize on market trends and is open to exploring accretive deals for fleet expansion [19] Management's Comments on Operating Environment and Future Outlook - Management noted that the current market is driven by strong coal and iron ore demand, particularly from India and China [17] - The outlook for the Capesize sector remains positive, with expectations of continued strong demand and ton-mile contributions from new mining operations [26][27] Other Important Information - The company declared a dividend of $0.30 per share for Q1 2024 [3] - Cash and cash equivalents totaled $147.4 million, with $125 million in undrawn available credit lines [5] Q&A Session Summary Question: Impact of flooding in Brazil on grain exports - Management indicated that there is no significant impact on Panamaxes, and operations remain normal [15] Question: Thoughts on chartering more tonnage - Management is open to time charters in the Capesize and Panamax space if market trends support it [29] Question: Driving forces behind the current market strength - Management highlighted the importance of the Panama and Suez Canals, along with strong coal and iron ore flows, particularly from Colombia and Brazil [17] Question: Potential for Chinese steel exports to influence dry bulk - Management noted that while steel exports from China have been strong, they are primarily on smaller vessel sizes, but increased steel exports could benefit Panamaxes [18] Question: Considerations for new building capacity - Management expressed satisfaction with current fleet positioning and indicated no immediate need for new buildings, but will consider opportunities as they arise [19]

Matters discussed in this presentation may constitute/orward-looking statements. The PrivateSceuritiesLitigationReform Act of 1995, or the PSIRA, providessafe harbor protections for ward-looking statements in order to encourage companies to provide prospectiveinformation about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are otherthanstatementsof historicalfa ...

GOGL Q1 2024 Webcast Attend by Conference Call: Please find enclosed the presentation of Golden Ocean Group Limited's first quarter 2024 results for today's webcast / conference call at 15:00 CEST. Attend by Webcast: Use the follow link prior to the webcast: Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Tr ...

Please find enclosed the presentation of Golden Ocean Group Limited's first quarter 2024 results for today's webcast / conference call at 15:00 CEST. Attend by Conference Call: Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered. Attend by Webcast: Use the follow link prior to the webcast: GOGL Q1 2024 Webcast This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Tr ...