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

The Belgium-based CMB.TECH NV has sold one suezmax, generating a gain of around $59.6m.

The company has sold the 165,000-dwt suezmax Stella (2011-built) under its oil tanker brand Euronav, which is engaged in marine transport and crude oil storage.

The sale will generate a gain of approximately $59.6m in the fourth quarter of 2026, based on the net sale price and book values.

The vessel has been delivered to its new owners. CMB.TECH NV did not reveal the sale price or buyer. 

The deal follows the sale of the 156,851-dwt suezmax Bristol, built in 2024, as announced by CMB.TECH on August 11.

The sale will generate a capital gain of approximately $56.9m in the fourth quarter of 2026, based on the net sale price and book values.

At the same period, the company also reported the sale of the 299,999-dwt VLCC Donoussa (2016-built). According to the shipowner, the sale will generate a capital gain of around $74.4m in the fourth quarter of 2026, based on the net sale price and book values.

CMB.TECH has a combined fleet of about 235 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.