SALE OF MINERAL LONDON
CMB, Compagnie Maritime Belge, is a maritime group with its registered offices in Antwerp. The company was founded in 1895. Its shares are quoted on Euronext. The CMB share is included in the Next 150 index and is also part of the NextPrime index. The CMB Group's main activities are all directly or indirectly related to the shipping industry, i.e. transport of dry cargo and related financial activities.
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CMB’s executive committee has discussed the preliminary results for the full year 2009. The consolidated result for 2009 is estimated to be EUR 119 million, compared to EUR 212 million in 2008. Bocimar’s contribution to the 2009 consolidated result amounts to EUR 121 million (2008: EUR 245 million). Bocimar’s result for the fourth quarter takes into account a total capital gain of EUR 23 million realised on the sale of the vessels
GOOD FIRSTHALF OF THE YEAR FOR CMB
CMB’s executive committee has discussed the preliminary results recorded for the second quarter and those for the first half of 2009. The consolidated profit after taxation for the first half of 2009 amounts to EUR 64 million(2008: EUR 137 million). FOR FULL PRESS RELEASE PLEASE GO TO CMB CORPORATE WEBSITE : www.cmb.be CMB, Compagnie Maritime Belge, is a maritime group with its registered offices in Antwerp. The company was founded in 1895.
SALE OF MINERAL VIKING
CMB confirms that Bocimar International has sold the Capesize vessel Mineral Viking (2001-172,964 dwt). The net sale price amounts to USD 42 million. At the time of delivery of the vessel, scheduled to take place at the end of April 2009, a capital gain of approximately USD 15.6 million will be realised. CMB, Compagnie Maritime Belge, is a maritime group with its registered offices in Antwerp. The company was founded in
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Bocimar International and Fortescue Metals Group (FMG) have agreed to establish a shipping Joint Venture which includes the time chartering of three Bocimar Capesize vessels of which two will deliver promptly. The third vessel will be delivered as from the middle of 2010. The time charters which were concluded at market rates include a profit sharing arrangement and are all for a period of 10 years. In consideration Bocimar will receive
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