CMB.TECH Achieves Fleet Expansion and Revenue Growth
CMB.TECH Provides Insightful Trading Update
CMB.TECH NV (NYSE: CMBT) has made notable strides in its fleet rejuvenation and overall operational performance. The company has successfully executed its strategy by selling two older vessels and adding five newbuild vessels to its fleet.
Fleet Update
Recent Deliveries
As part of its aggressive fleet renewal plan, CMB.TECH welcomed the delivery of five newbuilding vessels during the third and fourth quarters. The new additions include:
- Eco-Newcastlemaxes: Mineral Slovensko and Mineral Slovenija
- Chemical tanker: Bochem Santos
- CTV: Windcat 58
- CSOV: Windcat Rotterdam
Significant Sales
In addition to expanding its fleet, CMB.TECH made critical moves in its sales strategy. The company successfully sold the VLCC Dalma, built in 2007, with a deadweight tonnage of 306,543 dwt. This transaction is expected to generate a capital gain of approximately $26.7 million USD, with delivery scheduled for Q4 2025.
The company also extended the time charter fleet with the VLCC Donoussa, built in 2016, securing an additional eleven months until October 2026.
Additionally, vessels Hakata and Hakone, both built in 2010, were sold in a transaction that realized a total capital gain of around $39.3 million USD in Q3 2025.
Sales and Time Charter Updates
Transaction Highlights
CMB.TECH has also seen successful deals with Bocimar, having sold the capesize vessel Battersea, built in 2009, which is anticipated to deliver a capital gain of $2.4 million USD during Q4 2025.
Financial Performance
Time Charter Equivalent Earnings
The estimated average daily time charter equivalent rates (TCE) provide insight into the company’s revenue performance:
DRY BULK VESSELS:
- Newcastlemax Average Rate: Q3 2025 - $27,872, Q4 2025 - $30,954
- Capesize Average Rate: Q3 2025 - $20,577, Q4 2025 - $27,084
- Panamax/Kamsarmax Average Rate: Q3 2025 - $13,437, Q4 2025 - $15,814
TANKERS:
- VLCC Average Spot Rate: Q3 2025 - $28,715, Q4 2025 - $54,206
- Suezmax Average Spot Rate: Q3 2025 - $47,104, Q4 2025 - $49,249
About CMB.TECH
CMB.TECH is recognized as one of the largest and most diversified maritime groups across the globe. With an impressive fleet of about 250 vessels, the company specializes in a range of operations including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels. Furthermore, CMB.TECH is at the forefront of sustainable maritime solutions by offering hydrogen and ammonia fuel to its clients, sourced from either internal production or third-party collaborations.
Headquartered in Antwerp, Belgium, CMB.TECH has established its presence through various offices in Europe, Asia, the United States, and Africa.
CMB.TECH is listed on Euronext Brussels under the ticker symbol "CMBT" and on Euronext Oslo Børs as "CMBTO".
For additional information, please visit CMB.TECH.
Frequently Asked Questions
What is the recent update from CMB.TECH?
CMB.TECH has made significant strides in fleet rejuvenation with the sale of older vessels and the addition of new ships.
How many vessels has CMB.TECH recently added to its fleet?
The company added five newbuilding vessels during the third and fourth quarters.
What financial benefits did CMB.TECH realize from recent sales?
The sale of key vessels generated significant capital gains, totaling approximately $28 million USD.
What types of vessels does CMB.TECH operate?
CMB.TECH operates a diverse fleet including dry bulk vessels, tankers, and offshore wind vessels.
How can I find more information about CMB.TECH?
Visit CMB.TECH's website at CMB.TECH for comprehensive details.
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