Logo

CMB.TECH cashes in on VLCC and capesize sales

Belgian shipowner CMB.TECH has agreed the sale of eight vessels across its tanker and dry bulk fleets, booking a combined capital gain of around $269.2m.

The Antwerp-based group said the largest part of the transaction comes from the sale of six VLCCs under its Euronav platform. The vessels sold are the 2007-built Daishan, the 2011-built Hirado, the 2013-built Hojo, and, Dia, Antigone and Aegean, built between 2015 and 2016.

The VLCC sales are expected to bring in approximately $261.1m, based on net sales prices versus book values, the company said, adding that the delivery of the tankers to their new owners is scheduled for the first quarter of 2026.

Separately, CMB.TECH has sold two capesize bulk carriers through its Bocimar arm. The vessels are the 2009-built Golden Magnum and Belgravia. These sales are expected to result in an additional capital gain of around $8.1m. The two bulkers were delivered to their new owners in January 2026.

CMB.TECH said proceeds from the disposals will be used to repay existing debt facilities, with the company intending to distribute 50% of the profit generated by the sales to shareholders. The transactions form part of the group’s broader fleet rejuvenation strategy, as CMB.TECH continues to recycle older tonnage while reshaping its portfolio around newer and alternative-fuel vessels.



Source

Related News

India faces domestic iron ore supply challenges de...

2 hours ago

Iron ore futures extend losses as Rio Tinto report...

3 hours ago

January Snapshot: Capesize Ballasters & Deman...

4 hours ago

Baltic Index Scales 2-Week Peak As Vessel Rates Ri...

4 hours ago

Western Bulk launches lumber and project cargo uni...

13 hours ago