CMBT News & Events

CMB.Tech announced the company is investing in the Chinese ammonia supply chain. CMB.Tech has signed an off-take agreement for green ammonia produced by CEEC Hydrogen Energy in Jilin Province and will own a minority share in privately owned Jiangsu Andefu Energy Technology. CMB.Tech will purchase green ammonia produced in Jilin Province by the CEEC Songyuan project under an off-take agreement. In the first phase of the CEEC Songyuan project, approximately 158,000 tons of renewable ammonia will be produced annually. Construction of the project was completed at the end of September and commercial operation is planned for January 2026. The project is mainly powered by off-grid renewable energy and supported by batteries and hydrogen buffer storage. CEEC appointed Bureau Veritas for the certification audit, and the project obtained ISCC EU RFNBO certification on December 2. CMB.Tech will also acquire a minority stake in Andefu, one of China's largest ammonia supply chain companies. This will create an industrial partnership between two companies supporting maritime decarbonization and the development of a green ammonia supply infrastructure. A subsidiary of Andefu, Jiangsu Andefu Storage, is currently constructing a 49,000 m low-temperature ammonia storage tank in Nanjing, providing critical hub capacity for ammonia distribution and future marine fuel applications. The storage tank is scheduled to be commissioned in Q1 2026. In addition, Andefu, in cooperation with CEEC, will build an ammonia storage terminal into operation in Panjin in the second half of 2027. Andefu is also advancing ship-to-ship ammonia bunkering operations, targeting commercial deployment in 2026, to support the emerging global ammonia-fueled shipping fleet together with CMB.Tech. CMB.Tech will take delivery of 11 ammonia-powered ships next year. Ten Newcastlemax bulkers being built at Qingdao Beihai Shipyard and one 1,400 TEU container vessel being built at China Merchants Industry Weihai will deliver during 2026. The ships will be powered by a dual-fuel diesel-ammonia main engine and carry ammonia as a fuel onboard. This will enable the vessels to sail in dual fuel ammonia configuration for both propulsion and other power requirements between ports.

Stock index futures were disrupted in early pre-market trading due to an outage on the Chicago Mercantile Exchange, but CME reopened its Globex futures and options markets at 8:30 ET ahead of the holiday shortened session. U.S. stock markets closed at 1 pm ET and bond markets close at 2 pm ET.After the early hiccup, stocks traded higher on the final session of November, but with trading volumes well below average. For the month, though, the Nasdaq lost more than 2%, breaking a seven-month winning streak largely due to early-month weakness that stemmed from concerns over stretched AI valuations.Get caught up quickly on the top news and calls moving stocks with this market wrap Fly By.STOCK NEWS:Trading of futures and options on the CMEweredue to a cooling issue at a CyrusOne data centerAlibabalaunched itsseries in ChinaSEC probing probing Jefferiesrelationship with bankrupt auto parts maker First Brands Group,EU antitrust regulators are set to examine if Apple'sApple Ads and Apple Maps should be subject to the requirements of the bloc's Digital Markets Act,WALL STREET CALLS:DeutscheAB InBev (BUD), upgraded Heinekenas the firm adjusted ratings in the European beverages group as part of its 2026 outlookJPMorganCNH Industrialto Underweight based on the agricultural equipment industry outlook for FY26 given by DeereUBS raised the firm's price target on Five Belowto $204 from $184 and keeps a Buy rating on the sharesCiti lowered the firm's price target on Flutter Entertainmentand kept a Buy rating on the shares,that the UK tax risk has been a "significant overhang" on the equity for nearly four monthsAROUND THE WEB:ServiceNowis in advanced talks to buy security startup Veza for more than $1B,Banco Santanderis set to receive European regulatory approval to hold less capital for risks at their insurance businesses,Getty ImagesCEO Craig Peters said the company may reconsider the extent of its business in the UK if the Competition and Markets Authority blocks its potential takeover of Shutterstock,China's Baidubegan layoffs this week that will impact multiple business divisions, which comes as the company faces increasing competition in artificial intelligence and declining advertising revenue,MOVERS:CMB.Techgained in New York after Paretothe stock to BuyInteladvanced after notedthe company expects to begin shipping Apple'slowest-end M processor as early as 2027Li Autoslipped in New York after Citiits price target on the stockNutanixslid after Goldman Sachsits price target on the stockINDEXES:The Dow rose 289.30, or 0.61%, to 47,716.42, the Nasdaq gained 151.00, or 0.65%, to 23,365.69, and the S&P 500 advanced 36.48, or 0.54%, to 6,849.09.