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Draft:CMB.TECH

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CMB.TECH is a maritime group that owns and operates more than 160 ocean-going vessels: crude oil tankers, dry bulk carriers, container vessels, chemical tankers, offshore wind vessels and tugboats and ferry’s.

The group focuses on large marine and industrial applications powered by hydrogen or ammonia. The company also offers hydrogen and ammonia fuel to customers, through their own production of through third-party producers.

The group is divided into three divisions: marine, H2 Infra and H2 Industry.

Marine: The marine division[1] operates a fleet of crude oil tankers, dry bulk carriers, container vessels, chemical tankers, offshore wind vessels, tugboats and ferries with a focus on using hydrogen and ammonia to reduce emissions. The marine division consists of six brands: Euronav, Bocimar, Delphis, Bochem, Windcat, Tugboats & Ferries.

H2 Infra: The H2 Infra division[2] focuses on the development and supply of green hydrogen and ammonia. The group integrates and manages key technology and infrastructure for the production and distribution of green hydrogen and ammonia.

H2 Industry: The H2 Industry division[3] develops, tests and markets monofuel and dual fuel hydrogen and ammonia combustion engines for various industries, such as shipping, trucks, ports, mining, railways and power generation. This technology focuses on hydrogen combustion technology, hydrogen storage and hydrogen/ammonia implementation. The knowledge and experience have been accumulated through more than 15 years of design, testing and work. CMB.TECH develops and scales up this solution in cooperation with leading OEMs and port operators. By doing so, they help them reduce CO2 emissions and scale up the use of clean fuels in ports.

CMB.TECH is listed on Euronext Brussels[4] and the New York Stock Exchange under the ticker symbol CMBT.

History

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On 22 December 2023, Euronav (now CMB.TECH) announced its intention to buy CMB’s subsidiary CMB.TECH. On 7 December 2023, this sale was approved at the Special General Meeting. On 8 February 2024, the sale was completed.[5][6]

On 2 July 2024, Euronav held a Special General Meeting and Extraordinary General Meeting to vote on changing the Group’s name from Euronav to CMB.TECH. This resolution was approved.[7] [8] [9]

On 15 July 2024, the Group changed the ticker symbol from EURN to CMBT.

On 1 October 2024, the company name changed from Euronav to CMB.TECH.[10] [11] [12] [13]

The full history of Euronav can be found here: https://nl.wikipedia.org/wiki/Euronav

The full history of CMB, majority shareholder of CMB.TECH[14], can be found here: https://nl.wikipedia.org/wiki/Compagnie_maritime_belge

References

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  1. ^ "CMB.TECH website, Marine division".
  2. ^ "CMB.TECH website, H2 Infra".
  3. ^ "CMB.TECH website, H2 Indrustry".
  4. ^ "Euronext Brussels, CMBT".
  5. ^ "Euronav to acquire CMB.TECH as part of its new strategy" (PDF).
  6. ^ Peachey, Paul (7 February 2024). "Euronav shareholders rubber-stamp takeover of clean shipping operation CMB.TECH, Tradewinds".
  7. ^ "Euronav Special & Extraordinary shareholder meeting results" (PDF).
  8. ^ Grube Congrup, Mette (17 September 2024). "Euronav shareholders approve name change, Shippingwatch".
  9. ^ "Euronav wordt op 1 oktober CMB.TECH | Nieuwe ticker vanaf 15 juli - Live Blog De Tijd". 2 July 2024.
  10. ^ "Euronav Special & Extraordinary Shareholder Meeting Results" (PDF).
  11. ^ Lambrecht, Koen (18 December 2024). "Euronav transformeert in CMB.TECH (8) en verdwijnt grotendeels van de beurs, De Tijd".
  12. ^ Priante Martin, Eric (22 November 2024). "'We can finally turn the page': Saverys company emerges from second tender with 92% of CMB.TECH, Tradewinds".
  13. ^ Krigslund, Niklas (2 July 2024). "Euronav gets a new name after end of long-running conflict, Shippingwatch".
  14. ^ Grube Condrup, Mette (25 November 2024). "Saverys now owns 92% of tanker carrier CMB.TECH, Shippingwatch".