On August 20, 2025, CMB.TECH NV (“CMB.TECH”) and Golden Ocean Group Limited (“Golden Ocean”) announced the successful completion of the stock-for-stock merger between Golden Ocean Group Limited and CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda Ltd. as the surviving company and CMB.TECH as the issuer of the merger consideration shares.

CMB.TECH is a diversified maritime group headquartered in Belgium, with offices across Europe, Asia, the United States and Africa. It currently owns and operates over 250 seagoing vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels and port vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through own production or third-party producers. Golden Ocean is a Bermuda incorporated shipping company specializing in the transportation of dry bulk cargoes. Its fleet consists of more than 90 vessels, with an aggregate capacity of approximately 13.7 million deadweight tonnes. 

Seward & Kissel LLP is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.” 

The company’s announcement describing this transaction may be found here.

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