Belgian shipowner CMB.TECH and Norway’s Golden Ocean Group (GOGL) finalized their stock-for-stock merger, creating one of the world’s largest diversified listed maritime groups. GOGL merged with CMB.TECH Bermuda, a wholly owned subsidiary of CMB.TECH, with the latter as the surviving entity and issuer of merger shares.

The combined company now operates a diversified fleet of around 250 vessels, including dry bulk ships, crude oil and chemical tankers, container ships, offshore wind vessels, and port vessels. Over 80 ships are hydrogen- and ammonia-ready, supporting low-carbon fuel options. The fleet, valued at approximately US$11.1 billion, has an average age of 6.1 years and liquidity exceeding US$400 million, with listings in New York, Brussels, and Oslo. CMB.TECH issued nearly 96 million new shares to Golden Ocean shareholders, who now hold about 30% of the merged company.