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GOGL – Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

  • Reference is made to the press release issued by CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) ("CMB.TECH") on March 4, 2025, which announced that they had identified a bank syndicate to refinance all or parts of the outstanding debt in Golden Ocean Group Limited (“Golden Ocean”). Golden Ocean and CMB.TECH hereby announce the signing of a $2,000 million facilities agreement with a bank syndicate comprising a term loan facility of up to $1,250 million and a revolving credit facility (“RCF”) of up to $750 million which will become available following the completion of the planned merger between Golden Ocean and CMB.TECH, expected in Q3 2025.
    06/20/2025

CMB.TECH NV AND GOLDEN OCEAN GROUP LIMITED ANNOUNCE AGREEMENT AND PLAN OF MERGER

  • Antwerp, May 28, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV AND GOLDEN OCEAN GROUP LIMITED ANNOUNCE AGREEMENT AND PLAN OF MERGER CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (“CMB.TECH”) and Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) (“Golden Ocean”) are pleased to announce that they have signed an agreement and plan of merger (the “Merger Agreement”) for a stock-for-stock merger, as contemplated by the term sheet previously announced on 22 April 2025. The transaction is structured as a merger, with Golden Ocean merging with and into CMB.TECH Bermuda Ltd.
    05/28/2025
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CMB.TECH results general meetings

  • Antwerp, May 22, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMBT”, “CMB.TECH” or “the Company”)  announces that today the General Meeting of Shareholders has approved the annual accounts for the year ended 31 December 2024. All other resolutions proposed by CMB.TECH's Supervisory Board have also been approved.
    Thu, May. 22, 2025

Cmb.Tech NV (CMBT) Q1 2025 Earnings Call Transcript

  • Cmb.Tech NV (NYSE:CMBT ) Q1 2025 Results Conference Call May 21, 2025 8:00 AM ET Company Participants Alexander Saverys - Chief Executive Officer Ludovic Saverys - Chief Financial Officer Joris Daman - Head of Investor Relations Enya Derkinderen - Communications Coordinator Conference Call Participants Frode Morkedal - Clarksons Kristof Samoy - KBC Securities Alexander Saverys Good afternoon, everyone, and welcome to the Cmb.Tech Earnings Call for the First Quarter of 2025. My name is Alexander Saverys.
    Wed, May. 21, 2025

CMB.TECH announces Q1 2025 results

  • CMB.TECH ANNOUNCES Q1 2025 RESULTS 1 BILLION USD CONTRACT BACKLOG ADDED ANTWERP, Belgium, 21 May 2025 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT) reported its non-audited financial results today for the first quarter ended 31 March 2025. HIGHLIGHTS Financial highlights: Profit of USD 40.4 million in Q1 2025 CMB.TECH increases its contract backlog by USD 921 million (to USD 2.94 billion) Corporate highlights: CMB.TECH buys Hemen stake in Golden Ocean Term sheet signed for a stock-for-stock merger transaction between CMB.TECH and Golden Ocean Fleet highlights: Fortescue and CMB.TECH sign agreement for ammonia-powered Newcastlemax CMB.TECH and MOL sign landmark agreement for nine ammonia-powered vessels Delivery of 5 newbuilding vessels: Mineral Portugal, Mineral Osterreich, Mineral Suomi, Mineral Sverige and CTV Hydrocat 60 Previously announced sales generated a capital gain of USD 46.25 million: Suezmax Cap Lara (2007, 158,826 dwt), VLCC Alsace (2012 – 299,999 DWT) and Windcat 6 Sale of three VLCCs in Q1 2025, Iris (2012, 314,000 dwt), Hakata (2010, 302,550 dwt) & Hakone (2010, 302,624 dwt) as part of the fleet rejuvenation strategy.
    Wed, May. 21, 2025

CMB.TECH announces Q1 2025 results on 21/05/25

  • Antwerp, May 12, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMBT”, “CMB.TECH” or “the Company”) will release its first quarter 2025 earnings prior to market opening on Thursday 21 May 2025 and will host a conference call at 8 a.m. EST / 2 p.m. CET to discuss the results for the quarter.
    Mon, May. 12, 2025

CMB.TECH CEO Speaks On Shifting Investor Focus From Asset Values To Sustainable Earnings Power

  • Capital Link's Trending News Webinar Series featured this week a discussion with Mr. Alexander Saverys, CEO of CMB.TECH CMBT, who shared his views on the company's diversified business model, plans for decarbonization, and his vision for a maritime industry that balances tradition with bold innovation.
    Fri, May. 09, 2025
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(CMBT) on Q1 2025 Results - Earnings Call Transcript

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  • Wed, May. 21, 2025

(CMBT) on Q4 2024 Results - Earnings Call Transcript

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  • Thu, Feb. 27, 2025

(CMBT) on Q3 2024 Results - Earnings Call Transcript

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  • Thu, Nov. 07, 2024

(CMBT) on Q1 2024 Results - Earnings Call Transcript

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  • Wed, May. 08, 2024
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CMB.TECH BUSINESS UPDATE

  • Antwerp, April 30, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT)  provides a business update following the recent announcements. The company held two Capital Markets Days together with Golden Ocean, sold three VLCCs as part of its fleet rejuvenation and will align dates for announcing first and second quarter 2025 results due to the consolidation of Golden Ocean's financial results.
  • 04/30/2025

Merger between CMB.TECH and Golden Ocean

  • Antwerp, April 22, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (“CMB.TECH”) and Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) (“Golden Ocean”) are pleased to announce that they have signed a term sheet (the “Term Sheet”) for a contemplated stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 shares of CBM.TECH for each share of Golden Ocean (the “Exchange Ratio”), subject to customary adjustments. The Term Sheet has been unanimously approved by CMB.TECH's Supervisory Board and by Golden Ocean's Board of Directors, including its special transaction committee composed of disinterested directors (the “Transaction Committee”). As part of this, the Transaction Committee has received a fairness opinion from its financial advisor DNB Markets, part of DNB Bank ASA, concluding that the Exchange Ratio is fair from a financial point of view to Golden Ocean's shareholders. The transaction would be structured as a merger with Golden Ocean merging with and into CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH (the “Merger”). Existing shares of Golden Ocean, which are not (directly or indirectly) owned by CMB.TECH, will be cancelled and ultimately exchanged for newly issued CMB.TECH shares at an exchange ratio of 0.95 shares of CBM.TECH for each share of Golden Ocean, subject to customary adjustments, including to reflect share buybacks, share issuances and/or dividend distributions that may take place prior to completion of the Merger. Upon completion of the Merger, 95,952,934 new shares of CMB.TECH would be issued, whereby CMB.TECH shareholders would own approximately 70% of the total issued share capital of the combined company (or 67% excluding treasury shares) and Golden Ocean shareholders would own approximately 30% (or 33% excluding treasury shares), assuming the Exchange Ratio is not adjusted.
  • 04/22/2025

CMB.TECH - General meetings of 22 May 2025

  • Antwerp, April 22, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) invites its shareholders to participate in the Annual General Meeting, Special General Meeting & Extraordinary General Meeting that will be held on Thursday 22 May 2025 at 10.00 a.m. CET in 2000 Antwerp, De Gerlachekaai 20.
  • 04/22/2025

Fortescue and CMB.TECH sign agreement for ammonia-powered ore carrier

  • Antwerp, April 14, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) has signed an agreement  with Fortescue to charter a new ammonia-powered vessel.   This emphasises the commitment of both companies to decarbonise the shipping industry. This 210,000-dwt ammonia-powered Newcastlemax will feature a dual fuel engine and is expected to be delivered by the end of 2026.
  • 04/14/2025

CMB.TECH publishes its annual report and submits Form 20-F for the year ended 31 December 2024

  • Antwerp, April 10, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) published its annual report in accordance with Belgian law for the year ended on 31 December 2024 on the Company's website in the “Investors” section under “Annual and financial reports”.
  • 04/10/2025

CMB.TECH announces final year results

  • CMB.TECH ANNOUNCES FINAL YEAR RESULTS TRANSFORMATIONAL YEAR AND STRONG EARNINGS ANTWERP, Belgium, 27 March 2025 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT) reported its final financial results today for the full year ended 31 December 2024. HIGHLIGHTS 2024 Profit of USD 93.1 million in Q4 2024 bringing full year profit to USD 870.8 million​ Total contract backlog increased to USD 2.94 billion Name change from Euronav to CMB.TECH (ticker symbol CMBT) CMB.TECH focused on its fleet rejuvenation with 21 newbuild deliveries Further fleet expansion with 1 container vessel, 2 dry bulk carriers, 2 product tankers, 6 chemical tankers and 2 CTVs contracted in 2024 & Q1 2025 Sale of 6 older Suezmaxes, 4 older VLCCs and 1 container vessel New hydrogen engine R&D Center in Japan Sale of Euronav Ship Management Hellas (ESMH) to Anglo- Eastern Univan Group HIGHLIGHTS Q1 2025 CMB.TECH joins forces with MOL to jointly own and charter a total of 9 ammonia-fuelled vessels Share purchase agreement with Hemen Holding Limited for the acquisition of 81,363,730 shares in Golden Ocean Group Limited For the fourth quarter of 2024, the company realised a net gain of USD 93.1 million or USD 0.48 per share (fourth quarter 2023: a net gain of USD 406.6 million or USD 2.01 per share).
  • 03/27/2025

CMB.TECH and MOL sign landmark agreement for nine ammonia-powered vessels

  • Antwerp, March 24, 2025 (GLOBE NEWSWIRE) --  CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT) is pleased to announce that it has signed an agreement with Mitsui O.S.K. Lines, Ltd. (“MOL”) and MOL CHEMICAL TANKERS PTE. LTD. (“MOLCT”) for nine ammonia-powered vessels. These vessels will be among the world's first ammonia-powered Newcastlemax bulk carriers and chemical tankers.  The delivery of these ships is expected between 2026 and 2029.
  • 03/24/2025

CMB.TECH buys Hemen stake in Golden Ocean

  • Belgium, March 04, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) is pleased to announce that it has entered into a share purchase agreement with Hemen Holding Limited (“Hemen”), for the acquisition of 81,363,730 shares in Golden Ocean Group Limited (“Golden Ocean”) (NASDAQ: GOGL & Euronext: GOGL) (representing ca. 40.8%[1] of Golden Ocean's outstanding shares and votes which includes all Golden Ocean shares controlled by Hemen), at a price of 14.49 USD per share (the “Transaction”).
  • 03/04/2025

Cmb.Tech NV (CMBT) Q4 2024 Earnings Call Transcript

  • Cmb.Tech NV (NYSE:CMBT ) Q4 2024 Earnings Conference Call February 27, 2024 8:00 AM ET Company Participants Alexander Saverys - CEO Ludovic Saverys - CFO Enya Derkinderen - Communications Coordinator Conference Call Participants Alexander Saverys Okay. Good afternoon, everyone, and thank you for joining the CMB.TECH Earnings Call for the Fourth Quarter of 2024.
  • 02/27/2025

CMB.TECH announces Q4 2024 results

  • CMB.TECH ANNOUNCES Q4 2024 RESULTS STRONG RESULTS DESPITE SLOW MARKETS ANTWERP, Belgium, 27 February 2025 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT) reported its non-audited financial results today for the fourth quarter ended 31 December 2024. HIGHLIGHTS Profit of USD 93.1 million in Q4 2024 bringing YTD profit to USD 870.8 million​ Delivery of 7 newbuilding vessels Sale of 4 Suezmaxes Selena (2007, 150,205 dwt), Cap Victor (2007, 158,853 dwt), Cap Felix (2008, 158,765 dwt) & Cap Lara (2007, 158,826 dwt) Sale of Windcat 6 For the fourth quarter of 2024, the company realised a net gain of USD 93.1 million or USD 0.48 per share (fourth quarter 2023: a net gain of 406.6 USD million or USD 2.01 per share).
  • 02/27/2025

CMB.TECH announces Q4 2024 results on 27/02/2025

  • Antwerp, Feb. 13, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMBT”, “CMB.TECH” or “the Company”) will release its fourth quarter 2024 earnings prior to market opening on Thursday 27 February 2025 and will host a conference call at 8 a.m. EST / 2 p.m. CET to discuss the results for the quarter.
  • 02/13/2025

FLEET UPDATE

  • Antwerp, Belgium, Jan. 28, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT) has sold different vessels, generating a capital gain of 46.52 million USD in total.
  • 01/28/2025

Best Ultra-Value Stocks Set for Long-Term Growth

  • For value investors, a crucial goal is identifying undervalued—and underappreciated—companies to target before the broader market gains an interest and, in theory, corrects the delta between the share price and the true underlying value. Ideally, this would mean investing in shares of a company while that firm is flashing signs of being undervalued but before the stock price increases.
  • 12/16/2024

Cmb.Tech NV (CMBT) Q3 2024 Earnings Call Transcript

  • Cmb.Tech NV (NYSE:CMBT ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Alexander Saverys - Chief Executive Officer Ludovic Saverys - Chief Financial Officer Joris Daman - Head of Investor Relations Enya Derkinderen - Communications Coordinator Conference Call Participants Kristof Samoy - KBC Securities Frode Morkedal - Clarksons Alexander Saverys Good afternoon, good morning, good evening, everyone. Welcome to the CMB.TECH Third Quarter Earnings Call.
  • 11/07/2024
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