CMB.TECH FLEET UPDATE
Rhea-AI Summary
CMB.TECH (NYSE: CMBT) sold eight vessels, generating a combined capital gain of approximately $269.2 million.
Six VLCCs sold by EuronavCMB.TECH will produce about $261.1 million of capital gain recognized in Q1 2026 with deliveries in Q1 2026. Two Capesize vessels sold by BocimarCMB.TECH generated about $8.1 million, delivered in January 2026. Proceeds will be used to repay existing debt facilities, and the company intends to distribute 50% of the profit from these sales. Management describes the sales as part of a fleet rejuvenation strategy. The company will announce Q4 2025 results on 26 February 2026.
Positive
- Total capital gain of approximately $269.2 million
- Euronav sales to yield ~$261.1 million in Q1 2026
- Bocimar sales generated approximately $8.1 million
- Proceeds earmarked to repay existing debt facilities
- Company intends to distribute 50% of sale profits
Negative
- Disposition of eight vessels reduces operating fleet capacity
- Recognized gains tied to net sales price and book values
- Near-term revenue from sold vessels will cease after delivery
News Market Reaction 39 Alerts
On the day this news was published, CMBT gained 7.96%, reflecting a notable positive market reaction. Argus tracked a peak move of +11.0% during that session. Our momentum scanner triggered 39 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $243M to the company's valuation, bringing the market cap to $3.30B at that time. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CMBT was up 2.08% with mixed peer moves: tanker names like STNG, INSW and TRMD showed gains, while EE and KNTK declined. The momentum scanner flagged this as a stock-specific move rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 16 | Strategic investment | Positive | -0.8% | Investment in Chinese green ammonia supply chain and related assets. |
| Nov 26 | Earnings release | Neutral | -0.2% | Q3 2025 results with higher revenue but lower EPS and interim dividend. |
| Nov 14 | Earnings preview | Neutral | -1.5% | Announcement of timing and format for Q3 2025 earnings call. |
| Oct 23 | Financing update | Positive | +1.5% | Decision not to proceed with planned senior unsecured bond issuance. |
| Oct 20 | Financing meetings | Neutral | +0.6% | Mandate for fixed income investor meetings on potential bond issue. |
Recent news often saw modest price moves, with some positive strategic updates met by weak or negative reactions, suggesting occasional divergence between fundamentals and short-term trading.
Over the last few months, CMB.TECH reported Q3 2025 results with profit of USD 17.3m, EBITDA of USD 238.4m and revenue of USD 454.2m, alongside a proposed interim dividend of USD 0.05 per share. It announced fixed income investor meetings and later decided not to proceed with a senior unsecured bond. The company has also invested in the Chinese green ammonia supply chain and continued a fleet rejuvenation strategy via vessel sales and newbuild deliveries. Today’s vessel sale gains fit this ongoing balance of fleet optimization and capital allocation.
Market Pulse Summary
The stock moved +8.0% in the session following this news. A strong positive reaction aligns with sizable realized gains from vessel disposals and a stated intention to distribute 50% of the profit. Historical news shows that even strategically positive updates sometimes saw muted or negative moves, so a sharp upside move would stand out. Investors could reassess how recurring these capital gains may be versus one-off effects, and how they interact with prior financing decisions and ongoing fleet rejuvenation.
Key Terms
vlcc technical
capesize technical
AI-generated analysis. Not financial advice.
Antwerp, Jan. 07, 2026 (GLOBE NEWSWIRE) -- CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) has sold eight vessels, generating a capital gain of approximately 269.2 million USD in total.
Euronav
CMB.TECH has sold six VLCCs: Daishan (2007, 306,005 dwt), Hirado (2011, 302,550 dwt), Hojo (2013, 302,965 dwt), Dia (2015, 299,999 dwt), Antigone (2015, 299,421 dwt), and Aegean (2016, 299,999 dwt). The sale will generate a capital gain of approximately 261.1 million USD in Q1 2026, based on the net sales price and book values. The vessels will be delivered to their new owner in Q1 2026.
Bocimar
CMB.TECH has sold Capesize vessels Golden Magnum (2009, 179,790 dwt), and Belgravia (2009, 169,390 dwt). These sales will generate a capital gain of approximately 8.1 million USD in Q1 2026, based on the net sales price and book values. The vessels have been delivered to their new owners in January 2026.
The proceeds of these sales will be used to repay existing debt facilities and it is CMB.TECH’s intention to distribute
The recent vessel sales are in line with CMB.TECH’s fleet rejuvenation strategy.
Announcement Q4 2025 results – 26 February 2026
About CMB.TECH
CMB.TECH is one of the largest listed, diversified and future-proof maritime groups in the world with a fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore energy vessels and port vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through own production or third-party producers.
CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, United States and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol “CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
This information is published in accordance with the requirements of the Continuing Obligations on Euronext Oslo Børs.
Attachment
Katrien Hennin CMB.TECH +32 499393470 katrien.hennin@cmb.tech Joris Daman CMB.TECH +32 498617111 joris.daman@cmb.tech
FAQ
What capital gain did CMB.TECH (CMBT) report from vessel sales on January 7, 2026?
How much of the capital gain will CMB.TECH recognize in Q1 2026 for the VLCC sales (CMBT)?
What will CMB.TECH (CMBT) do with the proceeds from the January 2026 vessel sales?
When were the two Capesize vessels sold by BocimarCMB.TECH delivered and what gain did they generate for CMB.TECH (CMBT)?
How do the January 2026 vessel sales relate to CMB.TECH's strategy (CMBT)?
