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CMB.TECH Updates Business Strategy with Fleet Sales and Merger Plans

Story Highlights

Euronav ( (CMBT) ) has shared an announcement.

On April 30, 2025, CMB.TECH announced a business update following recent strategic moves, including hosting two Capital Markets Days with Golden Ocean and selling three VLCCs as part of its fleet rejuvenation strategy. The company is aligning its financial reporting schedule to consolidate Golden Ocean’s results, with Q1 and Q2 2025 earnings announcements set for May 21 and August 28, respectively. These actions reflect CMB.TECH’s ongoing efforts to strengthen its market position and optimize its fleet operations.

More about Euronav

CMB.TECH is a diversified maritime group headquartered in Antwerp, Belgium, operating over 150 seagoing vessels including crude oil tankers, dry bulk vessels, and container ships. The company also provides hydrogen and ammonia fuel, either through its own production or via third-party producers. CMB.TECH is listed on both Euronext Brussels and the NYSE under the ticker symbol CMBT.

YTD Price Performance: -8.38%

Average Trading Volume: 98,053

Technical Sentiment Signal: Buy

Current Market Cap: $1.89B

See more data about CMBT stock on TipRanks’ Stock Analysis page.

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