CMB.TECH has revealed it has sold three more VLCCs as part of an ongoing fleet rejuvenation programme.
The sales of the 2010-built Hakata and Hakone as well as the 2012-built Iris to unidentified buyers have generated a total capital gain of $96.7m.
CMB.TECH and dry bulk concern Golden Ocean aim to finalise a merger deal during the second quarter of 2025 and to complete the merger in the third quarter, after which CMB.TECH would remain listed in New York and Brussels and pursue a secondary listing in Oslo, with the company controlling around 250 ships.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 […]
CMB.TECH CMB.TECH has revealed in its financial results that its chemical tanker arm Bochem has secured a long-term charter for one of its newbuilds. The 26,000 dwt chemical tanker, set to be delivered in October 2025, […]
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