2024-03-13 01:35:21 ET
Summary
- Euronav's acquisition of CMB.TECH will help diversify its maritime activities and focus on clean technology and sustainable shipping.
- The acquisition will be financed through the sale of VLCCs to Frontline, increasing Euronav's fleet numbers and aiding in decarbonization.
- EURN's transition to CMB.TECH and focus on clean energy align with global efforts to reduce carbon emissions in the shipping industry.
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For further details see:
Euronav NV: Not Backing Down On The Decarbonization Agenda