Euronav

Euronav is the crude oil tanker division of CMB.TECH, which consists of VLCCs, Suezmaxes and FSOs.

In 1995 European Navigation Company Ltd merged into a joint venture with the Belgian national shipping line Compagnie Maritime Belge (CMB) and continued under the name Euronav Luxembourg NV.

In January 2000, Euronav along with several other shipping companies, founded the Tankers International Pool.

Six months later, in April 2005, Euronav entered into a strategic alliance with the Greek shipping company Tanklog Ltd.

Tanklog was partly paid in shares, making it the second-largest shareholder of Euronav after CMB.

The new combination had a fleet of 75 crude oil tankers, including 28 Suezmax vessels, with a total carrying capacity of more than 18 million tons.

The Saverys family opposed the merger and increased their stake in Euronav to 25% to block the transaction.

After purchasing this share package, CMB obtained a majority stake of 53% in Euronav.

This transaction will improve Anglo-Eastern's position in the Greek market and in crude oil tankers.

On 2 July 2024 the company filed a request to change its ticker from EURN to CMBT.