Euronav (CMBT) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Euronav NV has announced the sale of two Suezmax vessels to CMB NV subsidiary, leading to a capital gain of 61.38 million USD, as part of its fleet rejuvenation strategy. The company, which will soon rebrand as CMB.TECH but retain its crude oil tanker division under the Euronav name, emphasizes its diversified maritime group’s focus on future-proof hydrogen and ammonia applications. The vessels’ transfer to the new owner is scheduled for September 26, 2024.
For further insights into CMBT stock, check out TipRanks’ Stock Analysis page.