CMB.Tech Invests in China's Ammonia Supply Chain, Signs Agreement
CMB.Tech announced the company is investing in the Chinese ammonia supply chain. CMB.Tech has signed an off-take agreement for green ammonia produced by CEEC Hydrogen Energy in Jilin Province and will own a minority share in privately owned Jiangsu Andefu Energy Technology. CMB.Tech will purchase green ammonia produced in Jilin Province by the CEEC Songyuan project under an off-take agreement. In the first phase of the CEEC Songyuan project, approximately 158,000 tons of renewable ammonia will be produced annually. Construction of the project was completed at the end of September and commercial operation is planned for January 2026. The project is mainly powered by off-grid renewable energy and supported by batteries and hydrogen buffer storage. CEEC appointed Bureau Veritas for the certification audit, and the project obtained ISCC EU RFNBO certification on December 2. CMB.Tech will also acquire a minority stake in Andefu, one of China's largest ammonia supply chain companies. This will create an industrial partnership between two companies supporting maritime decarbonization and the development of a green ammonia supply infrastructure. A subsidiary of Andefu, Jiangsu Andefu Storage, is currently constructing a 49,000 m low-temperature ammonia storage tank in Nanjing, providing critical hub capacity for ammonia distribution and future marine fuel applications. The storage tank is scheduled to be commissioned in Q1 2026. In addition, Andefu, in cooperation with CEEC, will build an ammonia storage terminal into operation in Panjin in the second half of 2027. Andefu is also advancing ship-to-ship ammonia bunkering operations, targeting commercial deployment in 2026, to support the emerging global ammonia-fueled shipping fleet together with CMB.Tech. CMB.Tech will take delivery of 11 ammonia-powered ships next year. Ten Newcastlemax bulkers being built at Qingdao Beihai Shipyard and one 1,400 TEU container vessel being built at China Merchants Industry Weihai will deliver during 2026. The ships will be powered by a dual-fuel diesel-ammonia main engine and carry ammonia as a fuel onboard. This will enable the vessels to sail in dual fuel ammonia configuration for both propulsion and other power requirements between ports.
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CMB.TECH Sells Two VLCCs, Realizing $98.2 Million Gain
- Asset Sale Gains: CMB.TECH successfully sold two VLCCs, Ingrid and Ilma, both built in 2012 with a deadweight tonnage of 314,000, realizing an estimated capital gain of approximately $98.2 million in Q2 2026, significantly enhancing the company's financial position.
- Delivery Timeline: The vessels are scheduled for delivery to their new owner in Q2 2026, ensuring that this substantial capital appreciation will be reflected in the company's upcoming financial reports, thereby boosting market confidence.
- Company Overview: CMB.TECH is one of the largest listed diversified maritime groups globally, operating a fleet of about 250 vessels, including dry bulk carriers, crude oil tankers, and chemical tankers, showcasing its robust capabilities and market position in the shipping industry.
- Future Outlook: This transaction not only strengthens the company's capital structure but also provides funding for future investments and expansions, as CMB.TECH plans to continue innovating in hydrogen and ammonia fuel, further solidifying its market leadership.
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- Vessel Sale Gains: CMB.TECH has successfully sold eight vessels, generating an estimated capital gain of approximately $269.2 million in Q1 2026, significantly enhancing the company's financial position and providing funding for future investments.
- VLCC Sales Details: The sale of six VLCCs is expected to yield around $261.1 million, aligning with the company's strategic goal of fleet rejuvenation while optimizing its asset structure.
- Capesize Vessel Transactions: Additionally, the sale of two Capesize vessels is projected to generate $8.1 million, further improving liquidity and reducing debt obligations for the company.
- Profit Distribution Plan: CMB.TECH intends to allocate 50% of the profits from these sales to repay existing debt, reflecting its commitment to prudent financial management and shareholder returns.
CMB.TECH Invests in Chinese Ammonia Supply Chain with 158,000 Tonnes Annual Production
- Green Ammonia Investment: CMB.TECH has signed an off-take agreement with CEEC Hydrogen Energy to produce 158,000 tonnes of green ammonia annually in Jilin Province, with commercial operations expected to commence in January 2026, thereby enhancing the company's positioning in the green energy sector.
- Strategic Partnership: CMB.TECH will acquire a minority stake in Jiangsu Andefu Energy Technology, creating an industrial partnership that supports maritime decarbonization and the development of green ammonia supply infrastructure, which will strengthen its competitive edge in the market.
- Storage Facility Development: Andefu is constructing a 49,000 m³ low-temperature ammonia storage tank in Nanjing, scheduled for commissioning in Q1 2026, which will provide critical capacity for ammonia distribution and future marine fuel applications.
- Vessel Delivery Plans: CMB.TECH plans to take delivery of 11 ammonia-powered ships in 2026, featuring dual-fuel engines, marking a significant advancement in the company's journey towards zero-emission maritime transportation.
CMB.TECH Invests in Chinese Ammonia Supply Chain with 158,000 Tonnes Annual Production
- Green Ammonia Investment: CMB.TECH has signed an off-take agreement with CEEC Hydrogen Energy to produce 158,000 tonnes of green ammonia annually in Jilin Province, with commercial operations expected to commence in January 2026, thereby enhancing the company's competitiveness in the green energy market.
- Strategic Partnership: CMB.TECH will acquire a minority stake in Jiangsu Andefu Energy, creating an industrial partnership that supports maritime decarbonization and the development of green ammonia supply infrastructure, further advancing sustainable shipping initiatives.
- Storage Capacity Enhancement: The 49,000 m³ low-temperature ammonia storage tank being constructed by Andefu in Nanjing is scheduled for commissioning in Q1 2026, providing critical hub capacity for ammonia distribution and future marine fuel applications.
- Vessel Delivery Plan: CMB.TECH plans to take delivery of 11 ammonia-powered ships in 2026, utilizing a dual-fuel diesel-ammonia main engine, which supports the company's zero-emission goals in shipping and marks a significant step towards sustainable development.
Major Stocks Including Micron, Endeavour Silver, First Majestic Silver, and Applied Digital Experience Gains on Friday
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Micron Technology Surge: Shares of Micron Technology increased by 2.5% to $235.92, as investors interpreted Dell's strong earnings as a sign of broader strength in the technology market.
Notable Stock Gains: Several companies saw significant stock price increases, including DeFi Technologies (up 20.5%), YD Bio Ltd (up 13.7%), and Savara Inc (up 12.3%), reflecting positive developments in their respective sectors.
Precious Metals and Crypto Stocks Rise: Stocks related to precious metals and cryptocurrencies also experienced gains, with First Majestic Silver Corp and Intel Corporation rising notably, as gold and silver prices increased and Bitcoin surpassed $90,000.
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Financial Performance: In its recent earnings report, Cmb.Tech NV reported a GAAP EPS of $0.07, which missed expectations by $0.13, while revenue of $454.25 million exceeded forecasts by $60.88 million.
Strategic Investments: Cmb.Tech has acquired a 51% stake in a hydrogen joint venture in Namibia, indicating a focus on renewable energy initiatives.
Fleet Renewal: The company continues its fleet renewal efforts, positioning itself for growth in the shipping sector, which is expected to outperform through 2026.
CMB.TECH Sells Two VLCCs, Realizing $98.2 Million Gain
- Asset Sale Gains: CMB.TECH successfully sold two VLCCs, Ingrid and Ilma, both built in 2012 with a deadweight tonnage of 314,000, realizing an estimated capital gain of approximately $98.2 million in Q2 2026, significantly enhancing the company's financial position.
- Delivery Timeline: The vessels are scheduled for delivery to their new owner in Q2 2026, ensuring that this substantial capital appreciation will be reflected in the company's upcoming financial reports, thereby boosting market confidence.
- Company Overview: CMB.TECH is one of the largest listed diversified maritime groups globally, operating a fleet of about 250 vessels, including dry bulk carriers, crude oil tankers, and chemical tankers, showcasing its robust capabilities and market position in the shipping industry.
- Future Outlook: This transaction not only strengthens the company's capital structure but also provides funding for future investments and expansions, as CMB.TECH plans to continue innovating in hydrogen and ammonia fuel, further solidifying its market leadership.
CMB.TECH Sells Eight Vessels, Generating $269.2 Million Capital Gain
- Vessel Sale Gains: CMB.TECH has successfully sold eight vessels, generating an estimated capital gain of approximately $269.2 million in Q1 2026, significantly enhancing the company's financial position and providing funding for future investments.
- VLCC Sales Details: The sale of six VLCCs is expected to yield around $261.1 million, aligning with the company's strategic goal of fleet rejuvenation while optimizing its asset structure.
- Capesize Vessel Transactions: Additionally, the sale of two Capesize vessels is projected to generate $8.1 million, further improving liquidity and reducing debt obligations for the company.
- Profit Distribution Plan: CMB.TECH intends to allocate 50% of the profits from these sales to repay existing debt, reflecting its commitment to prudent financial management and shareholder returns.
CMB.TECH Invests in Chinese Ammonia Supply Chain with 158,000 Tonnes Annual Production
- Green Ammonia Investment: CMB.TECH has signed an off-take agreement with CEEC Hydrogen Energy to produce 158,000 tonnes of green ammonia annually in Jilin Province, with commercial operations expected to commence in January 2026, thereby enhancing the company's positioning in the green energy sector.
- Strategic Partnership: CMB.TECH will acquire a minority stake in Jiangsu Andefu Energy Technology, creating an industrial partnership that supports maritime decarbonization and the development of green ammonia supply infrastructure, which will strengthen its competitive edge in the market.
- Storage Facility Development: Andefu is constructing a 49,000 m³ low-temperature ammonia storage tank in Nanjing, scheduled for commissioning in Q1 2026, which will provide critical capacity for ammonia distribution and future marine fuel applications.
- Vessel Delivery Plans: CMB.TECH plans to take delivery of 11 ammonia-powered ships in 2026, featuring dual-fuel engines, marking a significant advancement in the company's journey towards zero-emission maritime transportation.
CMB.TECH Invests in Chinese Ammonia Supply Chain with 158,000 Tonnes Annual Production
- Green Ammonia Investment: CMB.TECH has signed an off-take agreement with CEEC Hydrogen Energy to produce 158,000 tonnes of green ammonia annually in Jilin Province, with commercial operations expected to commence in January 2026, thereby enhancing the company's competitiveness in the green energy market.
- Strategic Partnership: CMB.TECH will acquire a minority stake in Jiangsu Andefu Energy, creating an industrial partnership that supports maritime decarbonization and the development of green ammonia supply infrastructure, further advancing sustainable shipping initiatives.
- Storage Capacity Enhancement: The 49,000 m³ low-temperature ammonia storage tank being constructed by Andefu in Nanjing is scheduled for commissioning in Q1 2026, providing critical hub capacity for ammonia distribution and future marine fuel applications.
- Vessel Delivery Plan: CMB.TECH plans to take delivery of 11 ammonia-powered ships in 2026, utilizing a dual-fuel diesel-ammonia main engine, which supports the company's zero-emission goals in shipping and marks a significant step towards sustainable development.
Major Stocks Including Micron, Endeavour Silver, First Majestic Silver, and Applied Digital Experience Gains on Friday
U.S. Stock Market Performance: U.S. stocks rose on Friday, with the Dow Jones gaining approximately 300 points, driven by positive earnings reports, particularly from Dell, which boosted investor sentiment in the tech sector.
Micron Technology Surge: Shares of Micron Technology increased by 2.5% to $235.92, as investors interpreted Dell's strong earnings as a sign of broader strength in the technology market.
Notable Stock Gains: Several companies saw significant stock price increases, including DeFi Technologies (up 20.5%), YD Bio Ltd (up 13.7%), and Savara Inc (up 12.3%), reflecting positive developments in their respective sectors.
Precious Metals and Crypto Stocks Rise: Stocks related to precious metals and cryptocurrencies also experienced gains, with First Majestic Silver Corp and Intel Corporation rising notably, as gold and silver prices increased and Bitcoin surpassed $90,000.
Cmb.Tech NV announces $0.05 interim dividend payment
Dividend Announcement: Cmb.Tech NV (CMBT) has declared an interim dividend of $0.05 per share, payable on January 15, with shareholders of record on January 7 and an ex-dividend date also on January 7.
Financial Performance: In its recent earnings report, Cmb.Tech NV reported a GAAP EPS of $0.07, which missed expectations by $0.13, while revenue of $454.25 million exceeded forecasts by $60.88 million.
Strategic Investments: Cmb.Tech has acquired a 51% stake in a hydrogen joint venture in Namibia, indicating a focus on renewable energy initiatives.
Fleet Renewal: The company continues its fleet renewal efforts, positioning itself for growth in the shipping sector, which is expected to outperform through 2026.
