Successful Merger with Golden Ocean
Cmb.Tech completed the merger with Golden Ocean, creating a leading diversified maritime group with 206 modern eco vessels and a significant contract backlog of $3 billion.
Fleet Expansion and Modernization
The combined fleet now includes 250 ships, with plans to add 23 more vessels in the next year. A third of the fleet will be powered by ammonia and hydrogen, indicating a strong push towards decarbonization.
Positive Long-term Outlook for Tankers and Dry Bulk
The company is optimistic about the tanker and dry bulk markets, with strong indicators such as increased oil supply and positive trends in iron ore and bauxite exports.
Interim Dividend Declared
An interim dividend of $0.05 per share has been declared, reflecting the company's commitment to rewarding shareholders post-merger.
New Financing Facility Secured
A new $2 billion facility has been signed, with $1.25 billion used to refinance the Golden Ocean fleet, providing financial stability and flexibility.
Offshore Wind Division Growth
The Windcat division is expanding with one CSOV delivered and five more to come, indicating healthy demand in offshore wind and oil and gas markets.