If you’re searching for GOGL stock price today, you may be surprised by what you find. Golden Ocean Group Limited, the dry bulk shipping company that traded under the ticker GOGL on Nasdaq and Euronext Oslo Børs, no longer exists as a standalone public company.
It merged into CMB.TECH NV in August 2025. Here’s everything you need to know about the company, the merger, and what happened to your investment if you held GOGL shares.
Can You Still Buy GOGL Stock?
No. Golden Ocean Group’s shares stopped trading under the GOGL ticker on Nasdaq and Euronext Oslo after 19 August 2025, the final trading day before its merger with CMB.TECH NV closed.
Former Golden Ocean shareholders received CMB.TECH ordinary shares (NYSE: CMBT) as merger consideration.
Confusingly, the GOGL ticker on Nasdaq is now used by an unrelated leveraged ETF that tracks Alphabet’s GOOGL shares — not the former shipping company.
What Was Golden Ocean Group Limited?
Golden Ocean Group Limited was a Bermuda-incorporated dry bulk shipping company. The company owned and operated a fleet of dry bulk vessels consisting of Newcastlemax, Capesize, Kamsarmax, and Panamax vessels, with roughly 90 vessels and a combined capacity of approximately 13.7 million deadweight tons. Its ships hauled bulk commodities such as iron ore, coal, grains, and fertilizers along global trade routes, operating in both the spot and time charter markets. finance.yahoo.com
Golden Ocean’s Fleet and Global Shipping Operations
Golden Ocean’s business model was tied directly to global trade volumes and freight rates in the dry bulk shipping industry.
Because most of its revenue came from chartering vessels rather than owning cargo, its financial results tracked closely with swings in ocean transportation demand, particularly from major commodity importers like China.
The GOGL–CMB.TECH Merger Explained
Golden Ocean’s merger wasn’t a sudden development it followed a multi-month process. CMB.TECH first outlined the merger term sheet in an April 2025 announcement, and the two companies signed a formal agreement and plan of merger on 28 May 2025.
Key Merger Dates and Exchange Ratio
- 28 May 2025: Golden Ocean and CMB.TECH signed the definitive merger agreement.
- 19 August 2025: Golden Ocean’s special general meeting approved the deal, with shareholders holding 92.72% of shares present or represented at the meeting voting in favor. This was also GOGL’s last day of trading on Nasdaq and Euronext Oslo.
- 20 August 2025: The merger became effective before market open (Central European Summer Time), and CMB.TECH shares began trading in place of Golden Ocean shares.
- Exchange ratio: Former Golden Ocean shareholders received 0.95 ordinary CMB.TECH shares for every one Golden Ocean common share held, subject to rounding.
Why Golden Ocean Merged With CMB.TECH
CMB.TECH’s CEO, Alexander Saverys, described the deal as part of a broader transformation, noting that in less than 18 months the company had gone from a pure-play crude oil tanker business into a large, diversified maritime group.
The combined entity became a diversified, future-proof maritime group operating a fleet of more than 160 seagoing vessels, spanning crude oil tankers, dry bulk carriers, container ships, chemical tankers, offshore wind vessels, and workboats, alongside a hydrogen and ammonia fuel supply business.
For Golden Ocean, joining a larger, more diversified platform offered scale and reduced its exposure to dry bulk rates alone.
GOGL Stock Price History Before the Merger
In the months before the deal closed, GOGL traded in the mid-to-high single digits. As of August 2025, before the merger completed, shares were changing hands around the $8 range, with a 52-week range between roughly $6.27 and $13.44, an average volume near 2.93 million shares, and a market capitalization of about $1.59 billion. Earlier in the year, the stock traded even lower on weak freight-rate sentiment, dipping into the $7 range with a dividend yield above 7% and a 52-week low near $6.27.
What Replaced GOGL? Meet CMB.TECH (NYSE: CMBT)
If you’re trying to track the value of your former Golden Ocean shares, you now need to follow CMB.TECH NV, which trades on the NYSE under CMBT, with secondary listings on Euronext Brussels and Euronext Oslo Børs (ticker CMBTO).
CMBT Stock Price and Market Cap Today
CMB.TECH’s stock has moved meaningfully since the merger closed. By mid-August 2026, shares traded near $16.75 with a market cap around $4.86 billion, and by early September 2026, the stock had climbed further to roughly $19.35, pushing market capitalization to about $5.61 billion. That represents solid appreciation from the low-to-mid $8 range CMBT traded at immediately after absorbing Golden Ocean in August 2025 — though, as with any shipping stock, prices have fluctuated with freight markets and broader market sentiment along the way.
GOGL Stock Dividend History
Golden Ocean was known among income-focused investors for paying a variable quarterly dividend tied to its earnings, though payouts shrank considerably in its final year as a standalone company.
| Period | Dividend per Share | Frequency |
|---|---|---|
| Q1 2025 (final dividend) | $0.05 | Quarterly |
| Q4 2024 | $0.30 | Quarterly |
| Q3 2024 | $0.30 | Quarterly |
| Q2 2024 | $0.30 | Quarterly |
| Q1 2024 | $0.30 | Quarterly |
Golden Ocean’s final declared dividend was $0.05 per share for the first quarter of 2025, with an ex-date of June 4, 2025, and payment made on or about June 17, 2025. That was a sharp drop from the $0.30 quarterly payouts common through 2024, reflecting softer freight rates and thinner earnings heading into the merger.
Golden Ocean’s Financial Performance Before the Merger
Golden Ocean’s earnings were highly cyclical, moving in step with dry bulk charter rates. Coming into 2025, analysts had projected earnings would decrease from around $1.14 to $0.95 per share year-over-year, and the stock traded at a relatively low P/E multiple compared to the broader market — typical for capital-intensive shipping companies whose profits swing with freight cycles rather than steady demand.
GOGL Stock Forecast: What’s Next for Former Shareholders
Since GOGL no longer trades, there’s no separate “GOGL stock forecast” to track. Instead, any outlook for your former Golden Ocean position now depends on CMB.TECH’s performance across its diversified maritime segments — oil tankers, dry bulk, container shipping, and its growing hydrogen and ammonia fuel business. Investors who want ongoing analyst price targets, ratings, or earnings estimates should search for CMBT rather than GOGL going forward.
Why Was GOGL Stock Going Up or Down Before It Delisted?
Dry Bulk Freight Rates and Shipping Demand
Golden Ocean’s share price historically tracked the Baltic Dry Index and spot/time charter rates. When global demand for iron ore, coal, and grain shipments rose — often driven by Chinese steel production and commodity imports — freight rates and GOGL’s earnings improved, lifting the stock. Slowdowns in global trade or an oversupply of vessels typically pressured rates and share price lower.
Fuel Costs, Vessel Rates and Operating Expenses
Bunker fuel prices, vessel operating costs, and newbuild deliveries across the dry bulk fleet also weighed on profitability. Because Golden Ocean operated an aging and diverse mix of Capesize, Kamsarmax, and Panamax vessels, cost efficiency and charter mix played a meaningful role in quarterly results.
GOGL Stock vs. GOOGL Stock: Don’t Confuse the Two
This is a common point of confusion. GOOGL is the ticker for Alphabet Inc.’s Class A shares (Google’s Class C non-voting shares trade as GOOG). GOGL, by contrast, was Golden Ocean Group’s ticker — a completely unrelated dry bulk shipping company. Adding to the mix-up, the GOGL symbol on Nasdaq is now used by a leveraged ETF product designed to deliver amplified daily returns based on GOOGL, further blending the two tickers in search results. If you’re researching Alphabet’s stock, make sure you’re looking at GOOGL or GOOG — not GOGL.
Is GOGL Stock (or Its Successor CMBT) a Buy?
Since GOGL itself is no longer investable, the more relevant question for former shareholders and dry bulk shipping investors is whether CMB.TECH is worth holding or buying now. CMBT offers broader diversification than Golden Ocean alone — spanning tankers, dry bulk, containers, and alternative marine fuels — which can smooth out some of the cyclicality that made pure-play dry bulk stocks volatile. That said, shipping remains a capital-intensive, cyclical industry sensitive to freight rates, fuel costs, and global trade volumes, so it carries the same fundamental risks investors should weigh with any maritime transportation stock. As always, this isn’t personalized investment advice — consider your own risk tolerance, do additional research on CMBT’s current financials and analyst coverage, and consult a financial advisor before making investment decisions.
Frequently Asked Questions
What is GOGL stock Golden Ocean?
GOGL was the Nasdaq and Euronext Oslo ticker symbol for Golden Ocean Group Limited, a Bermuda-based dry bulk shipping company. It merged into CMB.TECH NV in August 2025 and no longer trades under that name.
What is the GOGL stock price today?
Golden Ocean shares stopped trading as GOGL after 19 August 2025. The Nasdaq ticker GOGL now belongs to a separate, unrelated leveraged ETF tracking Alphabet’s GOOGL stock, so there is no current “GOGL stock price” for the former shipping company. Former shareholders should track CMB.TECH (NYSE: CMBT) instead.
Why is GOGL stock going down?
GOGL isn’t actively trading as Golden Ocean anymore, so it can’t “go down” in the traditional sense. Before the merger, its share price moved with dry bulk freight rates, shipping demand, and fuel costs — weaker charter rates and softer global trade typically pushed the stock lower.
Does GOGL stock pay a dividend?
Golden Ocean paid its final dividend of $0.05 per share for Q1 2025, paid on or about June 17, 2025, before the merger closed. Since the company no longer exists as a standalone issuer, GOGL itself doesn’t pay dividends anymore; former shareholders now hold CMB.TECH shares.
Where can I see a GOGL stock chart?
Historical GOGL price charts through August 19, 2025 (its last trading day) are still available on financial data platforms, but there’s no ongoing chart since the ticker was retired for Golden Ocean and reassigned to an unrelated ETF.
Is GOGL priced in USD?
Golden Ocean’s Nasdaq-listed shares traded in U.S. dollars, while its secondary Euronext Oslo listing traded in Norwegian kroner. That distinction is now moot since the shares no longer trade.
What is “GOGL stock class C”?
This search often stems from confusion with Alphabet’s stock classes. Alphabet’s Class A shares trade as GOOGL and Class C shares trade as GOOG. GOGL was Golden Ocean’s unrelated ticker, so there’s no “GOGL Class C” share structure tied to the shipping company.
Is GOGL stock a buy?
GOGL is no longer available to buy as Golden Ocean Group stock. Investors interested in the underlying business should evaluate CMB.TECH (NYSE: CMBT), the diversified maritime company that now includes Golden Ocean’s former fleet, weighing its broader business mix against shipping-industry cyclicality and their own investment goals.
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