CMB.TECH is a Belgium-based maritime group that owns and operates a diversified fleet of roughly 250 seagoing vessels. The company transports dry bulk commodities, crude oil, and chemicals across global sea routes, operates container ships, and provides marine support services to the offshore energy industry. CMB.TECH was formed from the 2024 transformation of former crude tanker company Euronav, which acquired CMB.TECH Enterprises to add dry bulk, chemical tankers, container ships, and offshore wind vessels, then rebranded. The company operates through five divisions: Bocimar (dry bulk), Euronav (crude oil tankers), Bochem (chemical tankers), Delphis (container ships), and Windcat (offshore energy vessels). Bocimar is the largest division at roughly 60% of fleet fair market value, and was significantly expanded by the August 2025 merger with Golden Ocean, making it the world's largest listed dry bulk operator by tonnage. CMB.TECH earns revenue through spot voyage charters, fixed-rate time charters, and long-term service contracts, with roughly 85% of available fleet days expected on the spot market. The company holds a time charter backlog of roughly $3.05B. CMB.TECH also actively recycles capital by selling older vessels and reinvesting in modern newbuildings, maintaining an average fleet age of roughly 5.9 years. A key strategic differentiator is decarbonization: CMB.TECH is investing in dual-fuel ammonia and hydrogen vessels, has signed ammonia-powered charter contracts, and is developing green ammonia supply infrastructure, positioning itself ahead of tightening IMO and EU emissions regulations.