- Business
- Euronav N.V., operating globally and set to officially change its name to CMB.TECH NV on October 1, 2024, serves the international maritime industry with a strategic focus on energy transportation and sustainable shipping solutions. The company has historically been a prominent player in the seaborne movement and storage of crude oil, utilizing a substantial fleet of Very Large Crude Carriers (VLCCs), Suezmax tankers, and Floating Storage and Offloading (FSO) vessels. Through a transformative acquisition of CMB.TECH completed in early 2024, Euronav is significantly diversifying its operations beyond conventional oil tankers. This strategic shift now encompasses the construction, ownership, and management of a broad portfolio of low and zero-carbon vessels, including offshore wind support vessels, dry bulk carriers, container ships, and chemical tankers, many powered by hydrogen and ammonia dual-fuel engines. This expansion positions the consolidated group with a greatly enlarged and varied fleet exceeding 160 vessels, underscoring its commitment to lead in decarbonization within the maritime sector. Founded in 2003, the company continues to be headquartered in Antwerp, Belgium.