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FSMA orders CMB to pay USD 36m to Euronav shareholders

FSMA orders CMB to pay USD 36m to Euronav shareholders

by Mariska Buitendijk | Oct 10, 2024 | News, Shipping, Tankers

The shipping company CMB has been ordered by the Belgian financial regulator (FSMA) to pay an additional USD 36 million to shareholders who tendered shares during its mandatory takeover of Euronav earlier this year. The stock market watchdog is also forcing CMB to...
Frontline-Euronav deal sealed: Frontline acquires tankers for shares

Frontline-Euronav deal sealed: Frontline acquires tankers for shares

by Mariska Buitendijk | Oct 9, 2023 | News, Shipping, Tankers

After the plans were already announced last week, Frontline now says an agreement has been reached to resolve the deadlock in Euronav. Frontline will acquire 24 VLCCs in exchange for its shares in Euronav, which will pass to Euronav’s largest shareholder, Compagnie...
Frontline-Euronav deal sealed: Frontline acquires tankers for shares

Frontline abandons Euronav merger attempt

by Mariska Buitendijk | Jan 10, 2023 | News, Shipping

Frontline announced plans to merge with Euronav in July 2022 to form the largest tanker company in the world. Although Frontline does not say why it has now decided to scrap the merger deal, Euronav’s biggest shareholder, Compagnie Maritime Belge (CMB, the...
Euronav founder and largest shareholder CMB opposes Frontline merger

Euronav founder and largest shareholder CMB opposes Frontline merger

by Mariska Buitendijk | Apr 12, 2022 | News, Shipping

Euronav’s founder and largest shareholder, Belgian Compagnie Maritime Belge (CMB) owned by the Saverys family, has publicly opposed the proposed merger between Euronav and Frontline. In a statement, CMB questions Euronav’s strategy, particularly in terms...
CMB demonstrates world’s first hydrogen passenger ferry

CMB demonstrates world’s first hydrogen passenger ferry

by Mariska Buitendijk | Aug 19, 2021 | Marine fuels, News

Belgian engineering company CMB has unveiled the HydroBingo vessel. It is the world’s first hydrogen-powered ferry for transporting passengers. The ship was built by Tsuneishi, the Japanese shipbuilding company. The presentation voyage of the HydroBingo ferry...
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