Euronav ( (CMBT) ) has shared an update.
CMB.TECH reported a significant annual profit of $870.8 million for 2024, marking a transformational year with a strategic shift towards sustainability and diversification. The company changed its name from Euronav, expanded its fleet with newbuild ships, and entered into a share purchase agreement with Hemen Holding Limited for shares in Golden Ocean Group. Additionally, CMB.TECH is collaborating with MOL on ammonia-powered ships, aligning with the industry’s decarbonization goals.
More about Euronav
CMB.TECH, formerly known as Euronav, operates in the maritime industry with a focus on fleet rejuvenation and diversification. The company is transitioning from a crude oil tanker shipping company to a diversified maritime group, emphasizing green technologies and sustainability. It has invested in hydrogen production facilities and R&D centers for hydrogen engines, and is actively expanding its fleet with newbuild ships.
YTD Price Performance: -4.53%
Average Trading Volume: 84,019
Technical Sentiment Signal: Hold
Current Market Cap: $1.98B
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