Press Releases from CMB (4 total)
Sale of FARWAH and Purchase of MINERAL KYOTO
The charterer of the FPSO Farwah (2003) (owned 50/50 by Exmar and CMB) has given notice of the exercise of its purchase option. The transaction is expected to close in May 2008 and CMB will realise a capital gain of about USD 1 million and a cash surplus ofapproximately USD 16 million.
Recently Bocimar exercised its option to purchase the Mineral Kyoto (2004 – 183,204 dwt) currently on long-term charter from…
FOURTH CONSECUTIVE RECORD YEAR FOR CMB
CMB’s board of directors has discussed the preliminary results for the full year 2007.
All figures mentioned in this press release have been prepared under IFRS (International Financial Reporting Standards) and have not been reviewed by the joint statutory auditors.
The result after taxation for 2007 is estimated to be EUR 243 million, compared to EUR 134 million in 2006.
2007 was another good year for Bocimar. Its contribution to the group result…
ANOTHER OUTSTANDING QUARTER FOR CMB
CMB’s executive committee has discussed the preliminary results recorded for the second quarter and those for the first half of 2007.
The consolidated profit after taxation for the first half of 2007 amounts to EUR 148 million (2006: EUR 68 million).
Bocimar contributes EUR 146 million to the consolidated result for the first half of 2007 (2006: EUR 59 million).
Bocimar’s result takes into account capital gains, for a total amount of EUR…
ACQUISITION OF 27% OF ANGLO-EASTERN GROUP
CMB announces that its 100% subsidiary Bocimar Hong Kong has concluded an agreement to acquire a 27% stake in the Anglo-Eastern Group (www.angloeastern.com). The Anglo-Eastern Group primarily focuses its activities on the provision of ship management, crew management and newbuilding consultancy services. The acquisition is still subject to due diligence. CMB expects to finalise this acquisition in the course of the month of August. Through this acquisition CMB will establish…
