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Fleet update
28 Jan 2025 08:00 CET
Issuer
Euronav Luxembourg S.A.
FLEET UPDATE
ANTWERP, Belgium, 28 January 2025 – 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.
Euronav
CMB.TECH has sold the Suezmax Cap Lara (2007, 158,826 dwt). The sale will
generate a capital gain of 18.77 million USD. The vessel will be delivered to
the new owner during the first quarter of 2025.
The VLCC Alsace (2012 – 299,999 DWT) has successfully been delivered to its new
owner. A capital gain of approximately USD 27.5 million will be booked in Q1
2025.
Windcat
The Windcat 6 has also been sold, after 18 years of service. The sale will
generate a capital gain of 0.25 million USD. The vessel will be delivered to its
new owner at the end of January 2025.
Contact
Head of Marketing & Communication - Katrien Hennin
Tel: +32499393470
Email: Katrien.hennin@cmb.tech
Announcement Q4 2024 results – 27 February 2025
About CMB.TECH
CMB.TECH (all capitals) is a diversified and future-proof maritime group. We own
and operate more than 160 seagoing vessels: crude oil tankers, dry bulk vessels,
container ships, chemical tankers, offshore wind vessels, tugboats and ferries.
We also offer hydrogen and ammonia fuel to customers, through own production or
third-party producers.
The company is headquartered in Antwerp, Belgium, and has offices across Europe,
Asia, United States and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol
CMBT.
More information can be found at https://cmb.tech
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbour protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts. The
Company desires to take advantage of the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbour legislation. The words “believe",
“anticipate”, “intends”, “estimate”, “forecast”, “project”, “plan”, “potential”,
“may”, “should”, “expect”, “pending” and similar expressions identify
forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include potential legal actions by other parties
relating to the Market Court’s decision, the outcome of the proceedings pending
before the Enterprise Court in Antwerp, the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Euronav Luxembourg S.A.
Provider
Oslo Børs Newspoint
Company Name
Euronav Luxembourg SA 21/26 6.25pct USD C
ISIN
NO0011091290
Market
Oslo Børs