Euronav NV Sells Two Suezmax Vessels
Ticker: CMBT · Form: 6-K · Filed: Sep 26, 2024 · CIK: 1604481
Sentiment: neutral
Topics: vessel-sale, shipping, fleet-management
TL;DR
Euronav NV sold 2 Suezmax vessels on Sept 26, 2024.
AI Summary
On September 26, 2024, Euronav NV announced the sale of two Suezmax vessels. This transaction is detailed in a press release filed as Exhibit 99.1 to their Form 6-K.
Why It Matters
The sale of these vessels could impact Euronav's fleet size and future revenue streams from its shipping operations.
Risk Assessment
Risk Level: low — This filing is a routine report of a vessel sale and does not contain significant financial or operational changes that would elevate risk.
Key Players & Entities
- Euronav NV (company) — The company filing the report and announcing the vessel sale.
- September 26, 2024 (date) — The date of the press release announcing the vessel sale.
- two Suezmax vessels (asset) — The assets that were sold by Euronav NV.
FAQ
What type of vessels did Euronav NV sell?
Euronav NV sold two Suezmax vessels.
When was the sale of the vessels announced?
The sale was announced on September 26, 2024.
What form was used to report this information?
This information was reported on a Form 6-K.
Is Euronav NV required to file annual reports under Form 20-F?
Yes, Euronav NV indicates it files annual reports under Form 20-F.
What is the principal executive office address for Euronav NV?
The principal executive office is located at De Gerlachekaai 20, 2000 Antwerpen, Belgium.
Filing Stats: 1,324 words · 5 min read · ~4 pages · Grade level 14.1 · Accepted 2024-09-26 17:15:57
Filing Documents
- d11486548_6k.htm (6-K) — 26KB
- image00001.jpg (GRAPHIC) — 46KB
- 0000919574-24-005619.txt ( ) — 90KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. EURONAV NV (Registrant) Dated: September 26, 2024 By: /s/ Ludovic Saverys Ludovic Saverys Chief Financial Officer Exhibit 99.1 PRESS RELEASE Regulated Information Thursday 26 September 2024 – 08.00 a.m. CET _______________________________________ EURONAV SELLS TWO SUEZMAXES ANTWERP, Belgium, 26 September 2024 – Euronav NV (NYSE: CMBT & Euronext: CMBT) ("Euronav" or the "Company") has sold two Suezmax vessels, Sapphira (2008, 150,205 dwt) & Statia (2006, 150,205 dwt) to a wholly owned subsidiary of CMB NV at today's market value as part of the fleet rejuvenation. The sale will generate a capital gain of 61.38 million USD. The vessels will be delivered to their new owner on 26 September 2024. The procedure for related parties transactions under Belgian law was applied in connection with the sale. More information can be found in the legal announcement attached to this press release. The advice of the committee of independent directors will be made available on the Company's website. * * * Contact: Head of Marketing & Communications – Katrien Hennin Tel: +32 499 393470 Email : Katrien.hennin@cmb.tech Q3 2024 Earnings results – 7 November 2024 About Euronav NV & CMB.TECH Euronav and CMB.TECH together represent a diversified & futureproof maritime group with over 160 ocean-going vessels (including newbuildings) in dry bulk, container shipping, chemical tankers, offshore wind and crude oil tankers. The group focuses on large marine and industrial applications on hydrogen or ammonia. They also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol CM
Forward-Looking Statements
Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, timings or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections or meet expected timings. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, includ