CME Restores Futures Trading After Outage; Nasdaq Declines Over 2% in November
- Exchange Recovery: The Chicago Mercantile Exchange suspended futures and options trading due to a data center issue but reopened at 8:30 AM ET, ensuring market activity resumes ahead of the holiday-shortened trading session.
- Market Performance: Although stocks rose on the last trading day of November, trading volumes were significantly below average, indicating a lack of market participation and reflecting investor caution regarding economic outlook.
- Nasdaq Performance: The Nasdaq index fell over 2% in November, breaking a seven-month winning streak primarily due to concerns over stretched AI valuations, indicating a weakening confidence in tech stocks.
- Industry Dynamics: Amid market volatility, Deutsche Bank upgraded Heineken, reflecting optimism in the European beverages sector, while Citi lowered the price target on Flutter Entertainment, highlighting concerns over UK tax risks.
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- 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.
- 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.

- 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.

- 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.

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.
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.






