Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An update from Euronav ( (CMBT) ) is now available.
CMB.TECH has announced its investment in the Chinese ammonia supply chain, including a minority stake in Jiangsu Andefu Energy Technology Co., Ltd., and an off-take agreement for green ammonia with CEEC Hydrogen Energy. This strategic move aims to bolster CMB.TECH’s efforts in maritime decarbonization by securing green ammonia for its fleet, which will include 11 ammonia-powered ships set for delivery in 2026. The initiative is expected to enhance the company’s positioning in the green shipping industry and support the development of a green ammonia supply infrastructure, potentially impacting global shipping fuel markets.
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 leading maritime group with a diverse fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels. The company is engaged in providing hydrogen and ammonia fuel, either through its own production or from third-party producers. Headquartered in Antwerp, Belgium, CMB.TECH operates globally with offices in Europe, Asia, the United States, and Africa. It is publicly traded on Euronext Brussels, NYSE, and Euronext Oslo Børs.
Average Trading Volume: 317,463
Current Market Cap: €2.4B
Learn more about CMBT stock on TipRanks’ Stock Analysis page.