Welcome to our dedicated page for Cmb.Tech news (Ticker: CMBT), a resource for investors and traders seeking the latest updates and insights on Cmb.Tech stock.
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 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.