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An update from Euronav ( (CMBT) ) is now available.
CMB.TECH has sold eight vessels from its fleet, including six very large crude carriers formerly operated within Euronav and two Capesize bulk carriers within Bocimar, realizing a total capital gain of approximately USD 269.2 million to be recognized in the first quarter of 2026. The proceeds will be used to repay existing debt facilities, with the company intending to distribute half of the profit from these disposals, and management frames the move as consistent with its fleet rejuvenation strategy, signalling ongoing portfolio optimization and balance-sheet strengthening that may support shareholder returns and a gradual shift toward a more modern, energy-transition-ready fleet.
The most recent analyst rating on (CMBT) stock is a Buy with a EUR11.86 price target. To see the full list of analyst forecasts on Euronav stock, see the CMBT Stock Forecast page.
More about Euronav
CMB.TECH is a large, diversified maritime group headquartered in Antwerp, Belgium, operating a fleet of about 250 vessels across dry bulk, crude oil tankers, chemical tankers, container ships, offshore wind vessels and port vessels. In addition to shipping, the company is active in alternative marine fuels, offering hydrogen and ammonia fuel to customers through its own production and third-party suppliers, and is listed on the NYSE, Euronext Brussels and Euronext Oslo Børs under the ticker symbols CMBT and CMBTO.
Average Trading Volume: 291,436
Current Market Cap: €2.37B
See more insights into CMBT stock on TipRanks’ Stock Analysis page.