Core Viewpoint - CMB.TECH NV has announced the acquisition of approximately 40.4% of Golden Ocean Group Limited's issued share capital through its subsidiary, CMB.TECH Bermuda Ltd, at a price of 14.49 USD per share, marking a significant step in its diversification strategy [1][2][3]. Group 1: Acquisition Details - CMB.TECH is acquiring 81,363,730 shares of Golden Ocean at a price of 14.49 USD per share, representing about 40.4% of Golden Ocean's issued share capital [1]. - The transaction is expected to complete on 12 March 2025 and is not subject to any conditions [4]. - CMB.TECH did not own any shares in Golden Ocean prior to this transaction [1]. Group 2: Strategic Intent - The acquisition aligns with CMB.TECH's strategic objective of diversification, aiming to become a long-term shareholder in Golden Ocean and invest in a modern dry bulk fleet [2]. - CEO Alexander Saverys emphasized that this acquisition is a significant milestone in CMB.TECH's diversification strategy and expressed intentions to engage with Golden Ocean's board and management to drive long-term growth [3]. Group 3: Financial Considerations - CMB.TECH has identified a bank syndicate to refinance all or parts of Golden Ocean's current outstanding debt, indicating proactive financial management in light of the acquisition [4].

Core Viewpoint - Hemen Holding Limited has agreed to sell approximately 40.8% of its shares in Golden Ocean Group Limited to CMB.TECH for about USD 1,179 million, marking a significant transaction in the drybulk shipping industry [1][2]. Group 1: Transaction Details - The transaction involves the sale of 81,363,730 shares, which constitutes around 40.8% of Golden Ocean's outstanding shares and votes [1]. - The total consideration for the transaction is approximately USD 1,179 million [1]. - The transaction is exempt from registration under the U.S. Securities Act of 1933 and will not trigger a mandatory takeover bid in any jurisdiction [2]. Group 2: Company Background - Hemen has played a crucial role in the development of Golden Ocean since its spin-off from Frontline in 2004, leading to its listing on the Oslo Stock Exchange and subsequent merger with Knightsbridge on NASDAQ [3]. - Golden Ocean has expanded its fleet from 3 to 91 vessels, becoming one of the largest listed owners of large modern drybulk vessels, and has returned approximately USD 2 billion in dividends to shareholders since 2004 [3]. Group 3: Future Outlook - The transaction is not subject to any conditions and is expected to be completed on March 12, 2025 [4]. - CMB.TECH's acquisition reflects its recognition of the strength and value of the Golden Ocean platform and its employees [4].

Press releaseBelgium, 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 1 ...

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. My name is Alexander Saverys. I'm the CEO of the company, and I'm joined by my colleagues, Ludovic Saverys, Enya Derkinderen, and Joris Daman. We wil ...

Core Insights - CMB.TECH reported a net gain of USD 93.1 million for Q4 2024, a significant decrease from USD 406.6 million in Q4 2023, resulting in earnings per share of USD 0.48 compared to USD 2.01 in the previous year [3][6][7] - The company achieved an EBITDA of USD 180.4 million in Q4 2024, down from USD 474.4 million in Q4 2023 [3][8] - The overall revenue for 2024 was USD 940.2 million, a decline from USD 1.235 billion in 2023 [5][55] Financial Performance - Revenue for Q4 2024 was USD 226.0 million, compared to USD 268.6 million in Q4 2023 [5] - Other operating income increased to USD 8.3 million in Q4 2024 from USD 3.8 million in Q4 2023 [5] - The net gain from the disposal of tangible assets was USD 71.1 million in Q4 2024, down from USD 323.3 million in Q4 2023 [5][6] Fleet Developments - CMB.TECH delivered seven newbuilding vessels in Q4 2024, completing a total of 20 newbuildings for the year [4][6] - The company sold four Suezmax vessels, generating significant capital gains, as part of its fleet rejuvenation strategy [6][16][17] - The average daily time charter equivalent (TCE) rates for Suezmax and VLCC in Q4 2024 were USD 38,300 and USD 37,400 respectively, reflecting a decline from the previous year [10][21] Market Outlook - The tanker market faced challenges with lower spot rates and ongoing OPEC+ production cuts, but potential opportunities may arise from renewed demand due to sanctions and limited new VLCC capacity expected in 2025 [21][24] - The dry bulk market experienced a weaker Q4 2024, influenced by declining long-haul shipments and increased fleet capacity, although medium-term demand remains stable [26][28] - The chemical tanker sector maintained strong performance with TCE rates averaging USD 24,463 per day in Q4 2024, despite some easing in market conditions [34][37] Corporate Updates - CMB.TECH's public takeover bid was largely upheld by the Belgian Market Court, with a subsequent payment of USD 0.52 per share to shareholders [11][12] - The company has successfully increased its ownership stake to 92.04% in CMB.TECH following the recent bid [15]

Company Overview - CMB.TECH NV is a diversified maritime group that operates over 150 seagoing vessels, including crude oil tankers, dry bulk vessels, container ships, chemical tankers, and offshore wind vessels [4] - The company also provides hydrogen and ammonia fuel to customers through its own production or third-party producers [4] - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, the United States, and Africa [5] Upcoming Earnings Release - CMB.TECH will release its fourth quarter 2024 earnings on February 27, 2025, prior to market opening [1] - A conference call to discuss the results will be held at 8 a.m. EST / 2 p.m. CET, and will be available as a webcast with a slideshow presentation [1][3] - Participants can register for the conference call through a provided link, and a recording and transcript will be made available on the company's investor relations section [4]

Core Viewpoint - CMB.TECH NV has successfully sold multiple vessels, resulting in a total capital gain of 46.52 million USD, with significant contributions from specific vessel sales [1][2]. Vessel Sales Summary - The Suezmax Cap Lara (2007, 158,826 dwt) was sold, generating a capital gain of 18.77 million USD, with delivery scheduled for Q1 2025 [2]. - The VLCC Alsace (2012, 299,999 DWT) has been delivered to its new owner, resulting in a capital gain of approximately 27.5 million USD, to be booked in Q1 2025 [2]. - The Windcat 6, after 18 years of service, was sold for a capital gain of 0.25 million USD, with delivery at the end of January 2025 [3]. Company Overview - CMB.TECH is a diversified maritime group operating over 160 vessels, including crude oil tankers, dry bulk vessels, and offshore wind vessels, and also provides hydrogen and ammonia fuel [3]. - The company is headquartered in Antwerp, Belgium, and has a global presence with offices in Europe, Asia, the United States, and Africa [4]. - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [4].

Group 1: Diebold Nixdorf - Diebold Nixdorf (DBD) is considered undervalued despite a recent share price increase of over 73% leading to December 12, 2024, following a brief dip due to worse-than-expected earnings results [3][4] - The company is expected to achieve the high end of its adjusted EBITDA guidance range by year-end, indicating confidence in operational performance [4] - Diebold has shown nearly two years of consecutive quarters of gross margin expansion and has a P/S ratio of 0.5, marking it as a strong value candidate with a potential upside of 30.5% [5] Group 2: CMB.TECH (formerly Euronav) - CMB.TECH is trading at a 52-week low as of December 12, 2024, primarily due to a significant price increase in mid-2022 followed by a decline [6] - The company reported over $98 million in profit in the latest quarter and has a backlog exceeding $2 billion due to a new time charter contract [6] - CMB is diversifying its fleet and making efforts to decarbonize operations, which may attract investor interest despite potential challenges in the shipping industry heading into 2025 [7][8] Group 3: StealthGas - StealthGas Inc. serves liquefied natural gas producers and has a market cap of $190 million as of December 13, 2024, with a P/S ratio of 1.2 and a low debt-to-equity ratio of 0.13 [9] - The company reported nearly $56 million in net income for the first three quarters of 2024, a record and a 29% increase year-over-year, with revenues up nearly 17% [10] - StealthGas is actively paying down debt, having made approximately $107 million in repayments in the first three quarters of 2024, while maintaining a significant cash balance [11] - Despite a nearly 18% decline in shares for the year leading to December 13, 2024, this is attributed more to broader industry challenges rather than company-specific issues [12]

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. My name is Alexander ...

Decarbonise Today Navigate Tomorrow Earnings release Q3 2024 November 7th 2024 – Alexander Saverys & Ludovic Saverys Forward-looking statements Matters discussed in this presentation may constitute forward-looking statements under U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the Company's current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, stra ...