CMB.TECH Sells Two Suezmaxes for $100.5M Gain

CMB.TECH sold two Suezmax tankers for a net gain of about $100.5 million, the company said Monday. The vessels – the Brest and the Brugge, both built in 2023 with 156,851 DWT each – will deliver to their new owner in the third quarter of 2026. The gain will book in Q3.

“Historically strong Suezmax valuations created an opportunity to unlock value at an attractive point in the cycle,” CEO Alexander Saverys said. He said the company will deploy the proceeds into its fleet and continue growing its diversified maritime group.

CMB.TECH runs roughly 250 vessels across dry bulk, crude tankers, chemical tankers, container ships and offshore energy. The sale shrinks the tanker count but frees up capital at a moment when Suezmax prices are high. The company also supplies hydrogen and ammonia fuel, through its own production or third parties.

The sale is the second big asset monetisation from the group this year. Q2 results are scheduled for Aug. 27.

CMB.TECH is listed on Euronext Brussels and the NYSE under CMBT, and on Euronext Oslo under CMBTO.