Euronav Advances CMB.TECH Acquisition and Fleet Renewal Strategy
Euronav recently signed a $1.15 billion deal to acquire CMB.TECH, strengthening their decarbonization efforts with 106 low-carbon vessels. CMB.TECH shareholders approved this transaction, marking an important step toward more sustainable shipping practices. It follows on VLCC sales to Frontline as well as new ammonia-fueled and secondhand vessel orders from Euronav.