Hydrogen and ammonia fuel

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PRESS RELEASE: Disclosure regarding a transparency notification - Article 14, 1st paragraph, of the Law of 2 May 2007 relating to the disclosure of important shareholdings in listed companies
Globenewswire· 2025-08-27 06:38
Core Viewpoint - CMB.TECH NV has received a transparency notification indicating that Saverco NV has crossed below the transparency threshold of 65% in voting rights following a capital increase related to a merger with Golden Ocean Group Limited [1][4]. Group 1: Notification Details - The notification dated August 25, 2025, specifies that Saverco NV's voting rights decreased to 0.01% after the transaction, while CMB NV's voting rights increased to 56.56% and CMB.TECH NV's voting rights rose to 8.17% [2]. - The total number of voting rights after the transaction is 204,558,736, representing 64.74% of the total denominator of 315,977,647 [3][4]. Group 2: Company Overview - CMB.TECH is a major diversified maritime group with a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels [5]. - The company also provides hydrogen and ammonia fuel to customers, either through its own production or from third-party producers [5]. - CMB.TECH is headquartered in Antwerp, Belgium, and is listed on Euronext Brussels and NYSE under the ticker symbols "CMBT" and on Euronext Oslo Børs as "CMBTO" [6].
PRESS RELEASE: CMB.TECH completes merger with Golden Ocean
GlobeNewswire News Room· 2025-08-20 07:34
Core Viewpoint - CMB.TECH has successfully completed a stock-for-stock merger with Golden Ocean Group, creating one of the world's largest diversified maritime groups [1][6]. Group 1: Merger Details - The merger was approved by 92.72% of Golden Ocean shareholders present at the special general meeting [2]. - CMB.TECH issued 95,952,934 new ordinary shares as part of the merger, with an exchange ratio of 0.95 CMB.TECH shares for each Golden Ocean share [3][8]. - The newly issued shares began trading on Euronext Brussels and NYSE, with a secondary listing approved on Euronext Oslo [4]. Group 2: Fleet and Financial Highlights - The combined fleet consists of approximately 250 vessels, including various types such as dry bulk vessels and crude oil tankers [7]. - The fleet has a fair market value of around USD 11.1 billion, with a contract backlog of approximately USD 3.0 billion, ensuring revenue visibility [7][8]. - CMB.TECH maintains a robust liquidity position exceeding USD 400 million, providing financial flexibility for growth [7]. Group 3: Corporate Structure and Listings - CMB.TECH is now listed on Euronext Brussels, NYSE, and Euronext Oslo under the ticker symbols "CMBT" and "CMBTO" [13]. - The total share capital post-merger is USD 343,439,903.39, with a total of 315,977,647 voting rights [11].
CMB.TECH Business update Q2 2025 results
Globenewswire· 2025-08-14 06:33
Core Viewpoint - CMB.TECH NV is set to announce its Q2 2025 earnings on August 28, 2025, and is providing preliminary figures due to an impending stock-for-stock merger with Golden Ocean Group Limited [1][2][3]. Group 1: Earnings Announcement - The Q2 2025 results will be released before market opening on August 28, 2025, followed by a conference call at 8 a.m. EST / 2 p.m. CET [1][4]. - Preliminary key figures for Q2 2025 will be shared in the business update, although these figures are unaudited and subject to change [2][3]. Group 2: Conference Call Details - The earnings conference call will be an audio webcast with a user-controlled slide presentation [5]. - Participants can register for the conference call through a provided link, and those unable to pre-register can dial in using a specific phone conference ID [6]. Group 3: Company Overview - CMB.TECH is a diversified maritime group operating over 150 vessels, including crude oil tankers, dry bulk vessels, and offshore wind vessels [7]. - The company is headquartered in Antwerp, Belgium, and has a global presence with offices in Europe, Asia, the United States, and Africa [7][8].
CMB.TECH's update on the Golden Ocean merger process
Globenewswire· 2025-07-17 20:43
Core Viewpoint - CMB.TECH is progressing with a stock-for-stock merger with Golden Ocean Group, aiming to create one of the largest diversified maritime groups globally, with a combined fleet of approximately 250 vessels [1][8]. Merger Structure and Details - The merger involves Golden Ocean merging into CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, with an exchange ratio of 0.95 CMB.TECH shares for each Golden Ocean share [2]. - CMB.TECH plans to issue approximately 95,952,934 new ordinary shares as part of the merger consideration [2]. Corporate Approvals - Golden Ocean will hold a special general meeting on August 19, 2025, to vote on the merger agreement and related transactions [4]. - Both the supervisory board of CMB.TECH and the board of directors of Golden Ocean have unanimously approved the merger, which does not require CMB.TECH shareholder approval [5]. Ownership Structure Post-Merger - After the merger, CMB.TECH shareholders will own approximately 70% of the total issued share capital, while Golden Ocean shareholders will own about 30% [6]. Regulatory Approvals - CMB.TECH received antitrust clearance from the German Bundeskartellamt on June 26, 2025, and the SEC declared the registration statement effective on July 16, 2025 [9]. Timeline and Trading - The merger is expected to be completed shortly after the Golden Ocean special general meeting, with new shares anticipated to begin trading on August 20, 2025 [7]. Company Profiles - CMB.TECH operates over 160 vessels, including crude oil tankers and offshore wind vessels, and is headquartered in Antwerp, Belgium [13]. - Golden Ocean specializes in the transportation of dry bulk cargoes and has a fleet of over 90 vessels with a capacity of approximately 13.7 million deadweight tonnes [15].
CMB.TECH results general meetings
Globenewswire· 2025-05-22 14:46
Core Viewpoint - CMB.TECH NV has successfully held its General Meeting of Shareholders, where the annual accounts for the year ended December 31, 2024, were approved along with other resolutions proposed by the Supervisory Board [1] Group 1: Shareholder Meeting Outcomes - The General Meeting reappointed independent director Julie De Nul to the Supervisory Board [1] - The resignation of Mr. Patrick Molis as an independent member of the Supervisory Board was approved, and Compagnie Nationale de Navigation S.A.S., represented by Mr. Patrick Molis, was appointed as an independent member [1] Group 2: Company Overview - CMB.TECH is a diversified maritime group operating over 160 seagoing vessels, including crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels, tugboats, and ferries [2] - The company also provides hydrogen and ammonia fuel to customers through its own production or third-party producers [2] - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, and Africa, and is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [3]
CMB.TECH announces Q1 2025 results on 21/05/25
Globenewswire· 2025-05-12 06:35
Company Overview - CMB.TECH NV is a diversified maritime group operating over 160 seagoing vessels, including crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels, tugboats, and ferries [3] - The company also provides hydrogen and ammonia fuel to customers through its own production or third-party producers [3] - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, and Africa, and is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [4] Upcoming Earnings Release - CMB.TECH will release its first quarter 2025 earnings on May 21, 2025, prior to market opening [1] - A conference call to discuss the quarterly results will be held at 8 a.m. EST / 2 p.m. CET, which will be available as a webcast with a slideshow presentation [1][2] - Details for attending the conference call, including registration and dial-in options, are provided on the company's "Investor Relations" page [2][3]
Merger between CMB.TECH and Golden Ocean
Globenewswire· 2025-04-22 20:49
Core Viewpoint - CMB.TECH and Golden Ocean Group have signed a term sheet for a stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 shares of CMB.TECH for each share of Golden Ocean [1][3] Company Overview - CMB.TECH operates more than 150 vessels, including crude oil tankers, dry bulk vessels, container ships, and offshore wind vessels, and is focused on decarbonization and sustainable shipping solutions [12][13] - Golden Ocean specializes in the transportation of dry bulk cargoes and has a fleet of 91 vessels with a total capacity of approximately 13.7 million deadweight tonnes [14] Merger Details - The merger will create one of the largest diversified listed maritime groups globally, with a combined fleet of over 250 vessels [2] - Upon completion, CMB.TECH shareholders will own approximately 70% of the combined company, while Golden Ocean shareholders will own about 30% [1] - The transaction is subject to customary conditions, including due diligence, board approvals, regulatory approvals, and shareholder approval from Golden Ocean [3][4] Financial Aspects - The fairness opinion provided by DNB Markets concluded that the exchange ratio is fair for Golden Ocean's shareholders, with CMB.TECH valued at $15.23 per share and Golden Ocean at $14.49 per share [6][7] Future Plans - The companies aim to finalize definitive transaction agreements in Q2 2025 and complete the merger in Q3 2025 [5] - Following the merger, Golden Ocean will delist from NASDAQ and Euronext Oslo Børs, while CMB.TECH will remain listed on the NYSE and Euronext Brussels [4] Leadership Comments - CMB.TECH's CEO emphasized the merger as a significant step towards building a leading diversified maritime group, enhancing fleet value to over $11 billion [6] - Golden Ocean's CEO highlighted the complementary nature of both fleets, which would create one of the largest and most modern dry bulk fleets globally [6]