PRESS RELEASE: CMB.TECH trading update
CMB.TECH (NYSE: CMBT) issued a trading update on Oct 20, 2025 covering Q3 and Q4 to date activity. The company delivered 5 newbuild vessels (two Eco-Newcastlemaxes, one chemical tanker, one CTV, one CSOV) and completed sales of older tonnage.
Discrete capital gains reported: $26.7M on sale of VLCC Dalma (delivery Q4 2025), ~$39.3M from Hakata & Hakone (realized in Q3 2025), and $2.4M on capesize Battersea (delivery Q4 2025). Reported TCE rates show material quarter-to-date increases (e.g., Newcastlemax +61.6%, Capesize +50.0%, CSOV +83.7%).
CMB.TECH (NYSE: CMBT) ha emesso un aggiornamento sullandamento delle negoziazioni il 20 ottobre 2025 riguardante lattività del Q3 e di quanto fatto finora nel Q4. La società ha consegnato 5 navi nuove (due Eco-Newcastlemax, una tanker chimica, una CTV, una CSOV) e ha completato la vendita di tonnellaggio più vecchio.
Rilevate disponibilità di plusvalenze discrete: $26.7M dalla vendita del VLCC Dalma (consegna nel Q4 2025), ~$39.3M da Hakata & Hakone (realizzate nel Q3 2025) e $2.4M sulla capesize Battersea (consegna nel Q4 2025). I tassi TCE riportati mostrano aumenti significativi rispetto al trimestre in corso (ad es. Newcastlemax +61.6%, Capesize +50.0%, CSOV +83.7%).
CMB.TECH (NYSE: CMBT) emitió una actualización de trading el 20 de octubre de 2025 cubriendo la actividad del Q3 y lo que va del Q4. La compañía entregó 5 buques nuevos (dos Eco-Newcastlemax, un petrolero químico, un CTV, un CSOV) y completó ventas de tonelaje más antiguo.
Ganancias de capital discretas reportadas: $26.7M por la venta del VLCC Dalma (entrega Q4 2025), ~$39.3M de Hakata & Hakone (realizadas en Q3 2025), y $2.4M por el capesize Battersea (entrega Q4 2025). Las tasas TCE reportadas muestran aumentos significativos en lo que va del trimestre (p. ej., Newcastlemax +61.6%, Capesize +50.0%, CSOV +83.7%).
CMB.TECH (NYSE: CMBT) 는 2025년 10월 20일 현재까지의 Q3 및 Q4 실적을 다루는 트레이딩 업데이트를 발표했습니다. 회사는 5척의 신규 건조 선박을 인도했고(두 대의 Eco-Newcastlemax, 한 대의 화학 운반선, 한 대의 CTV, 한 대의 CSOV) 구 톤니지 매각을 완료했습니다.
개별 자본 이익은 $26.7M VLCC Dalma 매각(인도 예정 Q4 2025), 약 $39.3M Hakata & Hakone에서(2025년 Q3 실현), 그리고 $2.4M capesize Battersea 매각(인도 Q4 2025)입니다. 보고된 TCE 수익률은 분기가 진행될수록 상당한 증가를 보이고 있습니다(예: Newcastlemax +61.6%, Capesize +50.0%, CSOV +83.7%).
CMB.TECH (NYSE: CMBT) a publié une mise à jour commerciale le 20 octobre 2025 couvrant lactivité du T3 et ce qui est réalisé au T4 à ce jour. La société a livré 5 navires neufs (deux Eco-Newcastlemax, un pétrolier chimique, un CTV, un CSOV) et a achevé les ventes de tonnage plus ancien.
Gains en capital discrètes signalés : $26.7M sur la vente du VLCC Dalma (livraison Q4 2025), ~$39.3M de Hakata & Hakone (réalisés au Q3 2025), et $2.4M sur le capesize Battersea (livraison Q4 2025). Les taux TCE rapportés montrent des augmentations importantes trimestre après trimestre (par ex. Newcastlemax +61.6%, Capesize +50.0%, CSOV +83.7%).
CMB.TECH (NYSE: CMBT) hat am 20. Oktober 2025 ein Trading-Update veröffentlicht, das die Aktivität von Q3 und dem bisherigen Q4 abdeckt. Das Unternehmen lieferte 5 neue Bau-Navigationselemente (zwei Eco-Newcastlemax, eine Chemietanker, eine CTV, eine CSOV) und schloss Verkäufe älterer Tonnage ab.
Gegebene diskrete Kapitalgewinne: $26.7M beim Verkauf des VLCC Dalma (Lieferung Q4 2025), ~$39.3M von Hakata & Hakone (realisiert in Q3 2025) und $2.4M beim Capesize Battersea (Lieferung Q4 2025). Die gemeldeten TCE-Raten zeigen erhebliche Zuwächse im bisherigen Quartal (z. B. Newcastlemax +61,6%, Capesize +50,0%, CSOV +83,7%).
CMB.TECH (NYSE: CMBT) أصدر تحديثاً تداولياً في 20 أكتوبر 2025 يغطي نشاط الربع الثالث وحتى تاريخ الآن للربع الرابع. قامت الشركة بتسليم 5 سفن حديثة البناء (اثنتان Eco-Newcastlemax، ناقلة كيميائية واحدة، وحدة CTV، وCSOV واحد) وأتمت بيع أسطول قديم.
أرباح رأس مال منفصلة مذكورة: $26.7M من بيع VLCC Dalma (التسليم في Q4 2025)، و~$39.3M من Hakata & Hakone (تحقق في Q3 2025)، و$2.4M من capesize Battersea (التسليم Q4 2025). معدلات TCE المبلغ عنها تُظهر زيادات ملموسة منذ بداية الربع حتى تاريخه (مثلاً Newcastlemax +61.6%، Capesize +50.0%، CSOV +83.7%).
CMB.TECH (NYSE: CMBT) 于 2025 年 10 月 20 日发布了一份交易更新，涵盖截至目前的 Q3 与 Q4 活动。公司交付了 5 艘新船（两艘 Eco-Newcastlemax、一艘化学品船、一艘 CTV、一艘 CSOV），并完成了对较旧吨位的出售。
披露的离散资本利得：$26.7M 来自 VLCC Dalma 的出售（交付于 2025 年 Q4），~$39.3M 来自 Hakata & Hakone（在 2025 年 Q3 实现），以及 $2.4M 来自 capesize Battersea（交付于 Q4 2025）。所报道的 TCE 费率显示本季度至今的显著增幅（例如 Newcastlemax +61.6%，Capesize +50.0%，CSOV +83.7%）。
- 5 newbuild deliveries in Q3–Q4 2025
- Capital gain $26.7M from sale of VLCC Dalma
- Capital gain ~$39.3M from Hakata and Hakone in Q3 2025
- Capital gain $2.4M from sale of Battersea
- Newcastlemax TCE +61.6% Q4 vs Q3
- Capesize TCE +50.0% Q4 vs Q3
- CSOV TCE +83.7% Q4 vs Q3
- None.
Insights
CMB.TECH reports fleet renewal with delivered newbuilds, vessel sales generating material capital gains and higher reported TCEs.
Fleet changes show active asset rotation: five newbuilds were delivered including two Eco-Newcastlemaxes, a chemical tanker, a CTV and a CSOV, while older VLCCs and capesize tonnage were sold or handed over to new owners. The disclosed sales produced explicit capital gains of
Reported estimated average daily TCEs show higher rates quarter-to-date in Q4
Watch near-term cash and timing: delivery dates for sold vessels (deliveries to new owners during Q4
Antwerp, Oct. 20, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) (“CMB.TECH”) provides a market update. During Q3 and Q4 to date, CMB.TECH has continued its fleet rejuvenation strategy with the sale of two older vessels and the delivery of five newbuild vessels.
Fleet update
Deliveries
CMB.TECH took delivery of 5 newbuilding vessels in Q3 and Q4 to date:
- Eco-Newcastlemaxes: Mineral Slovensko and Mineral Slovenija
- Chemical tanker: Bochem Santos
- CTV: Windcat 58
- CSOV: Windcat Rotterdam
Sales & TC updates
Euronav
CMB.TECH has sold the VLCC Dalma (2007, 306,543 dwt). The sale will generate a capital gain of 26.7 million USD. The vessel will be delivered to its new owner during Q4 2025.
The time charter of the VLCC Donoussa (2016, 299,999 dwt) is extended for another 11 months, until October 2026.
Hakata (2010, 302,550 dwt) & Hakone (2010, 302,624 dwt) were delivered to their new owners in Q3 2025, generating a total capital gain of approx. 39.3 million USD in Q3 2025.
Bocimar
CMB.TECH has sold the capesize Battersea (2009, 169.390 dwt). The sale will generate a total capital gain of 2.4 million USD. The vessel will be delivered to its new owner during Q4 2025.
Estimated time charter equivalent earnings (TCE)
The estimated average daily time charter equivalent rates (TCE, a non IFRS-measure) can be summarised as follows:
| Q3 2025 | Quarter-to-Date Q4 2025 | ||
| USD/day | USD/day | % | |
| DRY BULK VESSELS | |||
| Newcastlemax Average rate(1)(2) | 27,872 | 30,954 | 61. |
| Capesize Average rate(1)(2) | 20,577 | 27,084 | 50. |
| Panamax/Kamsarmax Average rate(1)(2) | 13,437 | 15,814 | 56. |
| TANKERS | |||
| VLCC Average spot rate (in TI Pool)(3) | 28,715 | 54,206 | 30. |
| VLCC Average time charter rate(4) | 45,725 | ||
| Suezmax Average spot rate(1) (4) | 47,104 | 49,249 | 34. |
| Suezmax Average time charter rate | 33,455 | ||
| CONTAINER VESSELS | |||
| Average time charter rate | 29,378 | ||
| CHEMICAL TANKERS | |||
| Average spot rate | 20,758 | ||
| Average time charter rate | 19,306 | ||
| OFF-SHORE WIND | |||
| CSOV Average time charter rate | 27,272 | 120,331 | 83. |
| CTV Average time charter rate | 3,470 | 2,971 | 79. |
(1) Reporting load-to-discharge, in line with IFRS 15
(2) Spot and TC rates combined
(3) CMB.TECH owned ships in TI Pool or Stolt Pool (excluding technical off hire days)
(4) Including profit share where applicable
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 joris.daman@cmb.tech
FAQ
What vessels did CMBT deliver in Q3 and Q4 to date of 2025?
How much capital gain did CMBT report from recent vessel sales in 2025?
What is the timing for delivery of sold vessels Dalma and Battersea for CMBT?
How did CMBT's TCE rates change between Q3 2025 and quarter-to-date Q4 2025?
Has CMBT extended any time charters in the update dated Oct 20, 2025?
Where are CMBT's reported VLCC rates presented in the Oct 20, 2025 update?
