CMB.TECH FLEET UPDATE
Rhea-AI Summary
CMB.TECH (NYSE: CMBT) sold two VLCCs, Ingrid and Ilma (both 2012, 314,000 dwt), generating an expected capital gain of approximately $98.2 million to be recognized in Q2 2026. The vessels will be delivered to their new owner in Q2 2026. The company will announce Q4 2025 results on 26 February 2026.
Positive
- $98.2M capital gain expected in Q2 2026
- Sale of two VLCCs reduces disposal timing risk
- Vessels delivery scheduled for Q2 2026
Negative
- Reduction of owned VLCC fleet by 2 vessels
News Market Reaction
On the day this news was published, CMBT gained 1.44%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CMBT is up 3.4% with mixed peer moves: KNTK +4.74%, STNG +5.13%, INSW +4.13%, TRMD +2.68%, while EE -0.88%. Scanner data flags this as stock-specific, not a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 07 | Fleet sale gains | Positive | +8.0% | Sale of eight vessels generating about $269.2m capital gain. |
| Dec 16 | Strategic investment | Positive | -0.8% | Investment in Chinese green ammonia supply and related assets. |
| Nov 26 | Q3 2025 results | Neutral | -0.2% | Q3 2025 earnings with higher revenue but lower EPS and updates on fleet. |
| Nov 14 | Earnings preview | Neutral | -1.5% | Announcement of timing and access details for Q3 2025 results call. |
| Oct 23 | Financing update | Positive | +1.5% | Decision not to proceed with less favourable senior unsecured bond. |
Recent fleet-related updates have tended to see positive price alignment, while some strategic investment and earnings communications showed softer or negative reactions.
Over the last few months, CMB.TECH has combined fleet optimization with strategic growth. On Jan 7, 2026, it sold eight vessels for a capital gain of about $269.2 million, and the stock rose 7.96%. Earlier, a Dec 16, 2025 announcement on Chinese green ammonia investments saw a modest -0.81% move. Q3 2025 results on Nov 26, 2025 highlighted higher revenue and vessel activity with a small price dip. The current fleet update continues the sequence of realizing capital gains from vessel sales ahead of upcoming Q4 2025 results on 26 February 2026.
Market Pulse Summary
This announcement adds another step in CMB.TECH’s fleet optimization, with two VLCCs sold and a planned capital gain of $98.2 million to be recognized in Q2 2026. It follows earlier vessel sales that also generated sizable gains. Investors may watch how these disposals affect future earnings composition and leverage, and how Q4 2025 results on 26 February 2026 frame the balance between asset-sale profits and underlying operating performance.
Key Terms
vlccs technical
AI-generated analysis. Not financial advice.
Antwerp, Feb. 09, 2026 (GLOBE NEWSWIRE) -- CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) has sold two vessels, generating a capital gain of approximately 98.2 million USD in total.
Euronav
CMB.TECH has sold two VLCCs: Ingrid (2012, 314,000 dwt) and Ilma (2012, 314,000 dwt). The sale will generate a capital gain of approximately 98.2 million USD in Q2 2026, based on the net sales price and book values. The vessels will be delivered to their new owner in Q2 2026.
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 wind 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”.
More information can be found at https://cmb.tech
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.
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 CMBT report from the sale of two vessels?
Which vessels did CMB.TECH sell and what are their specifications?
When will CMBT recognize the capital gain from the vessel sales?
How will the vessel sales affect CMBT's upcoming earnings release schedule?
Will the sold VLCCs be delivered to the buyer before recognition of the gain?
