CMB.TECH sold two VLCCs, generating a capital gain of approximately $98.2 million, to be realized in Q2 2026.
Quiver AI Summary
CMB.TECH NV has announced the sale of two VLCC vessels, Ingrid and Ilma, both built in 2012, which will result in a capital gain of approximately 98.2 million USD, expected to be recognized in Q2 2026. The vessels will be delivered to the new owner during the same quarter. CMB.TECH, a major diversified maritime group based in Antwerp with a fleet of around 250 vessels, is also involved in hydrogen and ammonia fuel production. The company is listed on multiple stock exchanges, including NYSE and Euronext Brussels. The press release includes cautionary statements regarding forward-looking information, emphasizing uncertainties and risks that could affect future performance.
Potential Positives
- CMB.TECH successfully sold two VLCCs, generating a significant capital gain of approximately 98.2 million USD.
- The sale of the vessels reinforces CMB.TECH's financial position and is expected to positively impact their Q2 2026 results.
- This transaction demonstrates CMB.TECH's strategic asset management and ability to monetize fleet assets effectively.
Potential Negatives
- The sale of two vessels may indicate potential fleet downsizing, which could raise concerns about the company's growth strategy and future shipping capacity.
- The reliance on forward-looking statements may create uncertainty for investors regarding the company's future performance, as these statements are based on assumptions that may not materialize.
- Potential risks mentioned, such as market fluctuations and regulatory changes, may signal underlying vulnerabilities in the company's operational stability.
FAQ
What vessels did CMB.TECH sell?
CMB.TECH sold two VLCCs named Ingrid and Ilma, both built in 2012, with a capacity of 314,000 dwt.
How much capital gain did CMB.TECH generate from the vessel sales?
The sale generated a capital gain of approximately 98.2 million USD in total for CMB.TECH.
When will the vessels be delivered to their new owner?
The vessels are scheduled to be delivered to their new owner in Q2 2026.
When will CMB.TECH announce its Q4 2025 results?
CMB.TECH will announce its Q4 2025 results on February 26, 2026.
Where is CMB.TECH headquartered?
CMB.TECH is headquartered in Antwerp, Belgium, and has offices in various locations globally.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CMBT Hedge Fund Activity
We have seen 105 institutional investors add shares of $CMBT stock to their portfolio, and 24 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FOLKETRYGDFONDET added 5,500,684 shares (+inf%) to their portfolio in Q3 2025, for an estimated $51,651,422
- GOLDMAN SACHS GROUP INC added 2,283,005 shares (+3265.6%) to their portfolio in Q3 2025, for an estimated $21,437,416
- MARSHALL WACE, LLP added 1,856,001 shares (+inf%) to their portfolio in Q3 2025, for an estimated $17,427,849
- ENCOMPASS CAPITAL ADVISORS LLC added 1,503,007 shares (+inf%) to their portfolio in Q3 2025, for an estimated $14,113,235
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,279,715 shares (+inf%) to their portfolio in Q3 2025, for an estimated $12,016,523
- ROYAL BANK OF CANADA added 1,122,501 shares (+28453.8%) to their portfolio in Q3 2025, for an estimated $10,540,284
- BANK OF AMERICA CORP /DE/ added 728,043 shares (+3505.8%) to their portfolio in Q3 2025, for an estimated $6,836,323
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Antwerp, Feb. 09, 2026 (GLOBE NEWSWIRE) --
CMB.TECH NV (“CMBT”, “CMB.TECH” or “the Company”)
(NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo
Børs
: CMBTO)
has sold
two
vessels, generating a capital gain of
approximately
98.2
million USD in total.
Euronav
CMB.TECH has sold two VLCCs: Ingrid (2012, 314,000 dwt) and Ilma (2012, 314,000 dwt). The sale will generate a capital gain of approximately 98.2 million USD in Q2 2026, based on the net sales price and book values. The vessels will be delivered to their new owner in Q2 2026.
Announcement Q 4 202 5 results – 2 6 February 202 6
About CMB.TECH
CMB.TECH is one of the largest listed, diversified and future-proof maritime groups in the world with a fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels and port vessels. CMB.TECH 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, United States and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol “CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.
More information can be found at https://cmb.tech
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
Attachment