CMB.TECH NVCMBT
▲ PositiveCapitalrelevance
Company sells two vessels for $100.5M capital gain, boosting earnings.
Impact on stocks 1
Energy
CMB.TECH NVCMB.TECH sells two Suezmaxes for 100.5 million USD capital gain
Corporate Action
CMB.TECH has sold two Suezmax vessels, the Brest and the Brugge, both built in 2023 with a deadweight tonnage of 156,851 each, generating a capital gain of approximately 100.5 million US dollars. The gain will be recorded in the third quarter of 2026, based on the net sale price and book values, with delivery to the new owner also scheduled for that quarter. CEO Alexander Saverys said historically strong Suezmax valuations created an opportunity to unlock value at an attractive point in the cycle, and the returns will be deployed in line with the company's capital allocation strategy to invest in the continued growth of its diversified maritime group. CMB.TECH is one of the world's largest listed diversified maritime groups with a combined fleet of about 250 vessels across dry bulk, crude oil tankers, chemical tankers, container vessels, and offshore energy vessels.
CMB.TECH NVCompany sells two vessels for $100.5M capital gain, boosting earnings.