Dry bulk shipping company Golden Ocean Group (GOGL) and Belgian shipowner CMB.TECH have signed a term sheet for a contemplated merger, which is expected to create “one of the largest diversified listed maritime groups in the world” with a combined fleet of more than 250 vessels.

Golden Ocean Group Euronext Oslo Euronext Brussels Peder Simonsen Carl Steen Alexander Saverys Golden Ocean Business GOGL Belgian Bermuda Upon NASDAQ Capesize Newcastlemax Chairman