CMB.TECH NV Business Summary

CMB.TECH NV (CMBT) is a diversified maritime group that generates revenue through global shipping services, low-carbon fuel production, and the licensing of proprietary hydrogen and ammonia propulsion technologies. Following its 2024 transition from Euronav and the landmark August 2025 stock-for-stock merger with Golden Ocean Group, the company operates a fleet of approximately 250 vessels across six primary segments: dry bulk (Bocimar), crude oil tankers (Euronav), container shipping (Delphis), chemical tankers (Bochem), offshore wind (Windcat), and port vessels. The group’s business model leverages long-term time charters and spot market exposure while positioning itself as a vertically integrated energy transition leader by producing and supplying green fuels to its own fleet and third-party customers. CMB.TECH competes directly with major shipowners such as Frontline Ltd, DHT Holdings, and Star Bulk Carriers, distinguishing itself as a first-mover in large-scale maritime decarbonization with over 80 hydrogen- or ammonia-ready vessels. The company is controlled by the Belgian Saverys family, who consolidated their maritime interests by integrating CMB.TECH into the publicly listed Euronav entity. The leadership team is led by CEO Alexander Saverys, supported by CFO Ludovic Saverys, CTO Roy Campe—a pioneer in dual-fuel hydrogen engines—and Chief Chartering Officer Michael Saverys. The Supervisory Board is chaired by Patrick De Brabandere, who succeeded Marc Saverys in late 2025, and includes industry veterans like Carl Steen. As of early 2026, the Saverys family remains the majority shareholder through CMB NV (Saverco), holding approximately 61% of the company, with significant institutional backing from investors such as Folketrygdfondet, Vanguard, and Goldman Sachs.