The fleet will have an estimated value of 11 billion dollars
/Antwerp – The shareholders of Golden Ocean have approved the all-stock merger with the Belgian Cmb.Tech, paving the way for the definitive conclusion of the operation: thus, the shareholders of Cmb.Tech will hold approximately 70% of the new group, while those of Golden Ocean the remaining 30%. With this merger, the fleet of 90 bulk carriers of Golden Ocean – composed of 59 capesize and 31 panamax, for a total capacity of 13.7 million tons – will join the diversified fleet of 160 units of Cmb.Tech.
The new group will thus have a combined fleet of 250 ships, with an estimated value of 11 billion dollars. The Belgian group operates in various segments of maritime transport, including tankers, bulk carriers, container ships, chemical tankers, offshore wind units, and workboats. The agreement is the culmination of an operation that began in March 2025, when Cmb.Tech acquired 40.8% of Golden Ocean from Hemen, the holding company of John Fredriksen, for 1.18 billion dollars. A move that marked the exit of the Norwegian magnate from the bulk sector, in line with his strategy of disengagement from the industry. The stated goal: to diversify the portfolio, moving from solely crude oil transport to bulk, containers, offshore wind, and other maritime activities related to the energy transition and sustainability.
