Seagoing vessels (crude oil tankers

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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]