CMB.TECH FLEET UPDATE
CMB.TECH (NYSE: CMBT) sold eight vessels, generating a combined capital gain of approximately $269.2 million.
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
Details
News Market Reaction – CMBT
In the Jan 8 session, CMBT gained 6.62%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Total capital gain
- USD 269.2 million
- Capital gain from sale of eight vessels
- VLCC capital gain
- USD 261.1 million
- Capital gain in Q1 2026 from six VLCC sales
- Capesize capital gain
- USD 8.1 million
- Capital gain in Q1 2026 from two Capesize sales
- Profit distribution intention
- 50% of profit
- Intended distribution from vessel sale profits
- Vessels sold
- 8 vessels
- Total vessels sold in this fleet update
- VLCCs sold
- 6 VLCCs
- Daishan, Hirado, Hojo, Dia, Antigone, Aegean
- Capesize vessels sold
- 2 Capesize vessels
- Golden Magnum and Belgravia
- Q4 2025 results date
- 26 February 2026
- Scheduled announcement of Q4 2025 results
Historical Context
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Investment in Chinese green ammonia supply chain and related assets.
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Q3 2025 results with higher revenue but lower EPS and interim dividend.
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Announcement of timing and format for Q3 2025 earnings call.
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Decision not to proceed with planned senior unsecured bond issuance.
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Mandate for fixed income investor meetings on potential bond issue.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
vlcc technical
capesize technical
AI-generated analysis. How Rhea-AI works. 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