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CMB.TECH NV reports maritime operating results, fleet transactions, charter activity and shareholder disclosures for a Belgian maritime and fuel group listed on the NYSE, Euronext Brussels and Euronext Oslo Børs. The company operates a fleet of about 250 dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore energy vessels and port vessels, and offers hydrogen and industrial raw material fuel through owned production and third-party producers.
Recurring updates include quarterly and annual earnings, contract backlog and long-term charter activity, newbuilding deliveries, vessel sales, debt repayment, dividends, general meetings, board or management changes, and investments tied to industrial raw material supply chains for marine fuel applications.
CMB.TECH (NYSE & Euronext: CMBT) has announced its upcoming Annual General Meeting, Special General Meeting, and Extraordinary General Meeting scheduled for May 22, 2025 at 10:00 AM CET in Antwerp. The meetings will address several key agenda items including:
- Financial reports and accounts approval for 2024
- Board member changes including reappointment of Julie De Nul and resignation of Patrick Molis
- Authorization for share capital increases
- Approval of control clause changes in credit agreements
- Renewal of share buyback authorization
A freeze period for share repositioning between Belgian and U.S. registers is set from May 7, 2025 (8:00 AM Belgian time) to May 9, 2025 (8:00 AM Belgian time). The company will announce Q1 2025 results on May 14, 2025.
CMB.TECH (NYSE & Euronext: CMBT) has signed a landmark agreement with Fortescue to charter a new ammonia-powered vessel, marking a significant step in maritime decarbonization. The 210,000-dwt Newcastlemax vessel, featuring a dual fuel engine, will be delivered by end of 2026 and will transport iron ore from Pilbara to customers globally.
The vessel is part of CMB.TECH's series of large dry bulk carriers being built at Qingdao Beihai Shipyard. This partnership aligns with Fortescue's commitment to eliminate Scope 1 and 2 emissions from Australian iron ore operations by 2030 and achieve Net Zero Scope 3 emissions by 2040.
The agreement follows the launch of Fortescue Green Pioneer, the world's first dual-fuel ammonia-powered vessel, which is currently promoting zero emissions fuels across global ports.
CMB.TECH (NYSE & Euronext: CMBT) has announced the publication of its annual report for the fiscal year ended December 31, 2024, in compliance with Belgian law. The report is now accessible on the company's website under the 'Investors' section.
Additionally, the company has submitted its Form 20-F annual report to the U.S. Securities and Exchange Commission on April 9, 2025. Both reports are available for download from the company's website, with printed copies of audited financial statements available upon request via email or phone.
The company has scheduled the announcement of its first quarter 2025 results for May 14, 2025.
CMB.TECH (NYSE & Euronext: CMBT) reported strong financial results for 2024, with a Q4 profit of USD 93.1 million and full-year profit of USD 870.8 million. The company's total contract backlog increased to USD 2.94 billion.
Key developments include the company's transformation from Euronav to CMB.TECH, focusing on fleet rejuvenation with 21 newbuild deliveries in 2024. The company expanded its fleet with additional vessels and sold 11 older vessels. Notable achievements include:
- Total capital gain of USD 635.0 million in 2024
- Acquisition agreement for 40.8% stake in Golden Ocean Group
- Partnership with MOL for 9 ammonia-fuelled vessels
- Opening of new hydrogen engine R&D Center in Japan
- Sale of Euronav Ship Management Hellas to Anglo-Eastern Univan Group
CMB.TECH (NYSE: CMBT) has signed a landmark agreement with Mitsui O.S.K. Lines (MOL) and MOL CHEMICAL TANKERS for nine ammonia-powered vessels, marking a significant step towards maritime decarbonization. The agreement includes:
- Three ammonia-fitted 210,000 dwt Newcastlemax bulk carriers, jointly owned with MOL and chartered for 12 years
- Six chemical tankers (two ammonia-fitted, four ammonia-ready) chartered to MOLCT for 7-10 years
Deliveries are scheduled between 2026 and 2029. This partnership increases CMB.TECH's contract backlog by $921 million to $2.94 billion, supporting their fleet rejuvenation, decarbonization, and diversification strategy.
CMB.TECH (NYSE & Euronext: CMBT) has announced a significant acquisition agreement with Hemen Holding to purchase 81,363,730 shares in Golden Ocean Group (NASDAQ & Euronext: GOGL), representing approximately 40.8% of Golden Ocean's outstanding shares and votes. The transaction is priced at $14.49 per share.
The deal aligns with CMB.TECH's strategic diversification objectives, aiming to become a long-term shareholder in Golden Ocean and invest in a modern dry bulk fleet. The transaction will not trigger a mandatory takeover bid in any jurisdiction. CMB.TECH has secured a bank syndicate to refinance Golden Ocean's current outstanding debt if needed.
CMB.TECH (NYSE: CMBT) reported Q4 2024 results with a net profit of USD 93.1 million (USD 0.48 per share), down from USD 406.6 million in Q4 2023. EBITDA was USD 180.4 million, compared to USD 474.4 million in Q4 2023.
Key operational highlights include:
- Delivery of 7 newbuilding vessels (2 Suezmaxes, 3 Newcastlemaxes, 1 container vessel, 1 chemical tanker)
- Sale of 4 Suezmax vessels and Windcat 6
- Capital gains of USD 70.93 million from sale of three Suezmaxes to CMB NV
- Additional USD 18.77 million capital gain expected from Cap Lara sale in Q1 2025
The company completed 2024 with 20 newbuilding deliveries, 8 ship sales, and 8 new vessel orders. CMB.TECH's strategy focuses on fleet rejuvenation and optimization, positioning itself with modern, low-carbon ships and a mix of spot and time charter exposure for 2025.
CMB.TECH (NYSE: CMBT & Euronext: CMBT) has scheduled the release of its Q4 2024 earnings report before market opening on February 27, 2025. The company will host a conference call and webcast at 8 a.m. EST / 2 p.m. CET on the same day to discuss quarterly results.
The earnings presentation will include an audio webcast with user-controlled slide presentation. The conference call can be accessed through pre-registration, and telephone participants unable to pre-register can dial in using location-specific numbers with conference ID 121 388 043#. A recording and transcript of the call will be made available on the company's website in the investor section.
CMB.TECH (NYSE & Euronext: CMBT) has announced multiple vessel sales generating a total capital gain of $46.52 million. The transactions include:
- The Suezmax Cap Lara (2007, 158,826 dwt) sale, generating an $18.77 million capital gain, with delivery in Q1 2025
- The VLCC Alsace (2012, 299,999 DWT) delivery to new owner, booking approximately $27.5 million capital gain in Q1 2025
- The Windcat 6 sale after 18 years of service, generating a $0.25 million capital gain, with delivery scheduled for end of January 2025
The company will announce Q4 2024 results on February 27, 2025.