CMB.Tech: Stronger And Bigger, But No Longer A Pure Tanker Bet

CMB.Tech (CMBT) has transformed from a tanker operator into a diversified shipping platform following the Golden Ocean merger. The merger expanded CMBT's fleet to over 250 ships, enhancing scale and segment diversification between tankers and dry bulk. Revenue surged 77% to $1.67 billion post-merger, but net profit dropped sharply to $139 million due to higher financial costs and amortization.