This strategic move follows CMB.TECH’s recent transformation from its former identity as Euronav. The company, which rebranded in 2024, has been actively pursuing a diversification strategy under the leadership of CEO Alexander Saverys.
“The acquisition of the Golden Ocean shares from Hemen represents a significant milestone in CMB.TECH’s diversification strategy,” stated Alexander Saverys, CEO of CMB.TECH.
The transaction marks a notable evolution in the relationship between the Saverys family and John Fredriksen, following their previous ownership battle over Euronav.
Golden Ocean brings substantial dry bulk capacity to the deal, operating a modern fleet of 91 vessels with approximately 13.7 million deadweight tonnes. CMB.TECH has already identified a bank syndicate to refinance Golden Ocean’s current outstanding debt if necessary.
The deal combines CMB.TECH’s diverse fleet of over 150 seagoing vessels – including crude oil tankers, dry bulk vessels, containerships, chemical tankers, and offshore wind vessels – with Golden Ocean’s substantial dry bulk operations.
The transaction will not trigger mandatory takeover requirements in any jurisdiction.
