EURONAV

Overview

Euronav is the crude-oil shipping business within CMB.TECH NV, a maritime group that owns and operates vessels and develops lower-carbon marine and industrial technologies. The wider group’s activities include crude-oil transport and storage, dry bulk, container and chemical shipping, offshore-wind support, and port vessels, alongside hydrogen and ammonia infrastructure and applications.[1][2] Euronav’s origins date to 1989; following its 2024 diversification beyond crude tankers, Euronav NV changed its name to CMB.TECH NV, while Euronav remains a brand and business segment.[3][4]

The company operates in international shipping markets, with disclosed hydrogen and ammonia activity including projects in Namibia and China.[3]+2 CMB.TECH describes its purpose through the phrase “Decarbonise Today, Navigate Tomorrow.” [7] For the financial year ended 31 December 2025, group revenue was US$1.666 billion.[8] [1]+7

Products & services

Euronav, the crude-oil transport division of CMB.TECH, offers tanker transportation using VLCCs and Suezmaxes. Vessels are employed mainly through spot voyage fixtures and time charters, providing customers with voyage-based or contracted transportation capacity.[10][11]

The division also provides floating-storage services through two floating storage and offloading vessels (FSOs) under fixed-rate service contracts. In the 2025 reporting year, Euronav generated $568.2 million in segment revenue, approximately 34% of CMB.TECH’s $1,666.1 million in group revenue; the available figures are segment-level and do not allocate revenue among vessel types or individual services.[10][8] [10]+3

Geographic presence

Euronav’s disclosed corporate footprint includes entities incorporated in Belgium, the United Kingdom, Luxembourg, France, Hong Kong, Cyprus, Singapore and the Marshall Islands. Its group-entities disclosures also identify branches in Antwerp and Geneva, and ship-management branch offices in Antwerp and Greece. These locations describe its legal and branch structure, not the geographic distribution of employees or vessels.[12]

The disclosed property locations include a Euronav Ship Management SAS office in Nantes, France; the same lease disclosures list CMB.TECH group offices in Antwerp and Hong Kong, which are not identified as Euronav offices.[13] Euronav’s crude-oil tanker activities are exposed to global oil trade, but the available disclosures do not provide revenue by country or region or a detailed geographic allocation of its fleet.[14][15] [12]+3

Business segments

CMB.TECH’s 2025 annual report (year ended 31 December 2025) describes three divisions and eight operating segments. Within Marine, Euronav focuses on crude-oil marine transportation and storage; Bocimar on bulk carriers; Delphis on medium-sized container ships; Bochem on chemical tankers; Windcat on crew-transfer services for offshore wind; and Port vessels on vessels intended to decarbonize maritime activity around ports. H2 Infra focuses on green-molecule supply and hydrogen and ammonia production and distribution infrastructure, while H2 Industry develops dual-fuel industrial applications, including heavy-duty hydrogen-powered applications.[16]

By reported 2025 segment revenue as a share of consolidated revenue, the approximate contributions were: Bocimar 56.6%, Euronav 34.1%, Windcat 3.7%, Bochem 2.9%, Delphis 2.6%, Port vessels 0.1%, H2 Infra 0%, and H2 Industry 0%. The six Marine segments together represented approximately 100% of revenue; their reported revenues slightly exceed consolidated revenue because of eliminations. Percentages are calculated from the report’s segment-revenue figures and consolidated revenue.[16] [16]

Company history

Euronav’s origins date to 1989, when it began operating under that name as CNN’s international tanker subsidiary. Euronav NV was incorporated in Belgium in 2003, and in 2004 CMB spun off its oil-transport activities into the company and listed its shares on Euronext Brussels. In 2014, Euronav agreed to acquire 15 VLCCs from Maersk Tankers, and in 2015 its shares began trading on the New York Stock Exchange.[3][17]

In 2018, Euronav completed its merger with Gener8 Maritime, which became a wholly owned subsidiary. In 2023, CMB acquired Frontline’s 26.12% stake in Euronav, while Frontline acquired 24 Euronav VLCCs; Alexander Saverys became CEO in November.[3][18] Euronav completed its acquisition of CMB.TECH Enterprises in February 2024 and changed its corporate name to CMB.TECH NV in October, retaining Euronav as its tanker brand. In August 2025, CMB.TECH completed a stock-for-stock merger with Golden Ocean, adding its fleet of 89 dry-bulk vessels.[19][20] [3]+5

Sources

• EURONAV — Full financial report (2025 Y)
  14 citations

  [1][2][3][4][5][6][8][9][10][12][13][14][15][20]
• cmb.tech[7]
• cmb.tech[11]
• cmb.tech[16]
• cmb.tech[17]
• EURONAV — Full financial report (2024 Y)[18][19]