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Euronav ( (CMBT) ) just unveiled an update.
On May 21, 2025, CMB.TECH NV announced its non-audited financial results for Q1 2025, reporting a profit of USD 40.4 million and a substantial increase in its contract backlog by USD 921 million. The company acquired Hemen’s stake in Golden Ocean and signed a term sheet for a merger, aiming to become a leading dry bulk shipowner. The quarter also saw the sale of older vessels, delivery of new ones, and agreements for ammonia-powered ships, reflecting a strategic focus on fleet rejuvenation and low-carbon initiatives.
The most recent analyst rating on (CMBT) stock is a Hold with a EUR17.00 price target. To see the full list of analyst forecasts on Euronav stock, see the CMBT Stock Forecast page.
More about Euronav
CMB.TECH NV operates in the maritime industry, focusing on shipping and logistics services. The company is known for its fleet operations and is actively involved in the development of low-carbon shipping solutions, with a significant market focus on dry bulk shipping.
Average Trading Volume: 50,054
Current Market Cap: €1.62B
See more data about CMBT stock on TipRanks’ Stock Analysis page.