CMBTO: CMB.TECH fleet update
2026-06-29 08:00:00
ANTWERP, Belgium, 29 June 2026, 08:00 CET - CMB.TECH NV ("CMBT", "CMB.TECH" or
"the company") (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs:
CMBTO) has sold two Suezmaxes, generating a capital gain of approximately 100.5
million USD.
Euronav
CMB.TECH has sold two Suezmaxes: Brest (2023, 156,851 DWT) and Brugge (2023,
156,851 DWT). This sale will generate a capital gain of approximately 100.5
million USD in Q3 2026, based on the net sale price and book values. The vessels
will be delivered to their new owner in Q3 2026.
"Historically strong Suezmax valuations have created an opportunity to unlock
value at an attractive point in the cycle. We will deploy those returns in line
with our capital allocation strategy and invest in the continued growth of our
diversified maritime group.," said Alexander Saverys, CEO of CMB.TECH.
Announcement Q2 2026 results - 27 August 2026
About CMB.TECH
CMB.TECH (all capitals) is one of the largest listed, diversified and
future-proof maritime groups in the world with a combined fleet of about 250
vessels: dry bulk vessels, crude oil tankers, chemical tankers, container
vessels and offshore energy 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 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.
This information is published in accordance with the requirements of the
Continuing Obligations on Euronext Oslo Børs.
Contact
CMB.TECH
Katrien Hennin
Head of Marketing and Communications
+32 499 39 34 70
katrien.hennin@cmb.tech
Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
joris.daman@cmb.tech
arketing and Communications\
+32 499 39 34 70\
katrien.hennin@cmb.tech\
\
Joris Daman\
Head of Investor Relations\
Tel: +32 498 61 71 11\
joris.daman@cmb.tech\