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

The Belgium-based CMB.TECH NV has sold a secondhand VLCC, clinching a spectacular capital gain from the sale of the 10-year-old vessel.

The company has sold the VLCC under its oil tanker brand Euronav, which is engaged in marine transport and crude oil storage.

The Saverys-led company, listed on Euronext Brussels and the NYSE and on Euronext Oslo Børs, said on Monday it had agreed to offload the 299,999-dwt VLCC Donoussa (2016-built) to an undisclosed party.

The sale will reportedly generate a capital gain of around $74.4m in the fourth quarter of 2026, based on the net sale price and book values.

The VLCC Donoussa will be delivered to its new owner in the fourth quarter of 2026. 

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