Euronav (CMBT) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
