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.

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”.

CMB.TECH press release