CMB.TECH gains $20.4m from suezmax sale as fleet rejuvenation continues

The Antwerp-headquartered CMB.TECH has revealed fixtures for five bulkers as it awaits a big gain from selling VLCCs.

The Saverys-led company, listed on Euronext Brussels and the NYSE and on Euronext Oslo Børs, said its contract backlog has increased by $304m to $3.05bln with the addition of five capesize deals for five years each.

Five capesizes Mineral Ajisai (2014-built, 180,600 dwt), Mineral Sakura (2014-built, 182,480 dwt), Mineral Cumulus (2018-built, 180,600 dwt), Mineral Calvus (2018-built, 180,520 dwt) and Mineral Incus (2018-built, 180,510 dwt), were fixed for charter contracts of five years each. These will commence in the coming months.

The CSOV Windcat Amsterdam was fixed for three years as from 1 April 2026.

Meanwhile, the company has reported gains from selling VLCCs, capesizes and suezmaxes.

Specifically, the VLCC Dalma (2007-built, 306,543 dwt) generated a capital gain of $26.4m, the capesize Battersea (2009-built, 169,390 dwt) generated a capital gain of $2.4m, and the suezmax Sofia (2010-built, 165,000 dwt) a gain of $20.4m.

The capesize Golden Zhoushan (2011-built, 175,834) was delivered to its new owner during the fourth quarter of 2025 with no capital gain. 

These vessels were delivered to their new owners in the fourth quarter of 2025, generating a total capital gain of around $49.2m.

Furthermore, the following vessels will be delivered to their new owners in the first quarter of 2026: the capesize vessels Golden Magnum (2009, 179,790-dwt) and Belgravia (2009, 169,390-dwt) will generate a capital gain of around $8.1m in the first quarter of 2026, based on the net sales price and book values.

In addition, six VLCCs: Daishan (2007, 306,005-dwt), Hirado (2011, 302,550-dwt), Hojo (2013, 302,965-dwt), Dia (2015, 299,999-dwt), Antigone (2015, 299,421-dwt), and Aegean (2016, 299,999-dwt) will generate a capital gain of approximately $261.1m in the first quarter of 2026, based on the net sales price and book values. These vessels will also be delivered to their new owners in the first quarter of 2026.

Two VLCCs: Ilma (2012, 314,000-dwt) and Ingrid (2012, 314,000-dwt) will generate a capital gain of approximately $98.2m in the second quarter of 2026, based on the net sales price and book values. These vessels will be delivered to their new owners in the second quarter of 2026.

CMB.TECH has a fleet portfolio of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore energy vessels and port vessels.