05:12 AM EDT, 08/20/2025 (MT Newswires) -- CMB.TECH ( CMBT ) said Wednesday it has completed its stock-for-stock merger with Golden Ocean Group ( GOGL ) , with CMB.TECH Bermuda becoming the surviving entity.

Golden Ocean ( GOGL ) shareholders approved the deal with more than 92% support at a special meeting, the company said.

The company issued nearly 96 million new ordinary shares at an exchange ratio of 0.95 per Golden Ocean ( GOGL ) share, with the stock now trading in Brussels, New York and Oslo.

The merger creates a fleet of about 250 vessels valued at $11.1 billion, including more than 80 hydrogen- and ammonia-ready ships.

CMB.TECH ( CMBT ) Chief Executive Alexander Saverys said the combined group has $3 billion in contract backlog, more than $400 million in liquidity and a third of its fleet prepared for low-carbon fuels.

In addition, Golden Ocean ( GOGL ) shares ended trading on Nasdaq and Oslo, with holders receiving CMB.TECH ( CMBT ) stock through their respective settlement systems, it said.