CMB.TECH has sold the Suezmax Stella, realizing a gain of approximately 59.6 million USD, effective Q4 2026.
Quiver AI Summary
CMB.TECH NV announced the sale of its Suezmax vessel, the Stella, for approximately 59.6 million USD, which will be recognized as a gain in Q4 2026. The vessel, built in 2011 and weighing 165,000 dwt, has been successfully delivered to its new owners. CMB.TECH, headquartered in Antwerp, Belgium, is a prominent maritime group operating a fleet of around 235 vessels, including various types of tankers and offering hydrogen and ammonia fuel. This press release also includes a caution regarding forward-looking statements related to the company's future performance, acknowledging various factors that could impact actual results. The company is listed on multiple stock exchanges, including the NYSE and Euronext Brussels.
Potential Positives
- CMB.TECH has successfully sold a Suezmax vessel, generating a significant gain of approximately 59.6 million USD, which will positively impact their Q4 2026 financial results.
- The sale reflects effective asset management and a strategy to optimize the company's fleet, enhancing overall financial health.
- CMB.TECH maintains a strong presence with a diverse fleet of around 235 vessels, highlighting its position as one of the largest maritime groups globally.
- The company's engagement in hydrogen and ammonia fuel production indicates a commitment to future-proofing and sustainability, appealing to environmentally conscious stakeholders.
Potential Negatives
- The sale of the Suezmax vessel may indicate a potential reduction in fleet capacity, which could affect the company's operational capabilities or market presence.
- The forward-looking statements include numerous qualifiers and uncertainties, suggesting a lack of concrete assurances regarding future performance, which may signal risk to investors.
- The mention of potential liabilities from pending or future litigation introduces an element of legal risk, which could adversely affect the company's financial standing and reputation.
FAQ
What vessel did CMB.TECH sell recently?
CMB.TECH recently sold the Suezmax Stella, a vessel built in 2011 with a deadweight tonnage of 165,000 dwt.
How much gain did CMB.TECH generate from the sale?
The sale of the Suezmax Stella generated a gain of approximately 59.6 million USD for CMB.TECH.
When will CMB.TECH announce its Q3 2026 results?
CMB.TECH will announce its Q3 2026 results on 26 November 2026.
Where is CMB.TECH headquartered?
CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, and Africa.
What types of vessels are in CMB.TECH's fleet?
CMB.TECH's fleet includes dry bulk vessels, crude oil tankers, chemical tankers, container vessels, and offshore energy vessels.
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 68 institutional investors add shares of $CMBT stock to their portfolio, and 70 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENCOMPASS CAPITAL ADVISORS LLC removed 3,165,544 shares (-90.4%) from their portfolio in Q2 2026, for an estimated $44,285,960
- JPMORGAN CHASE & CO added 1,564,772 shares (+inf%) to their portfolio in Q2 2026, for an estimated $21,891,160
- MARSHALL WACE, LLP added 1,487,672 shares (+3985.1%) to their portfolio in Q2 2026, for an estimated $20,812,531
- TWO SIGMA INVESTMENTS, LP added 1,320,659 shares (+109.2%) to their portfolio in Q2 2026, for an estimated $18,476,019
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,252,579 shares (+54.7%) to their portfolio in Q2 2026, for an estimated $17,523,580
- UBS GROUP AG added 1,023,852 shares (+439.0%) to their portfolio in Q2 2026, for an estimated $14,323,689
- BARCLAYS PLC added 985,544 shares (+141.2%) to their portfolio in Q2 2026, for an estimated $13,787,760
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
Antwerp, Oct. 13, 2026 (GLOBE NEWSWIRE) -- CMB.TECH NV (“CMBT”, “CMB.TECH” or “the company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) has sold one Suezmax, generating a gain of approximately 59.6 million USD.
Euronav
CMB.TECH has sold the Suezmax Stella (2011, 165,000 dwt). This sale will generate a gain of approximately 59.6 million USD in Q4 2026, based on the net sale price and book values. The vessel has been delivered to its new owners.
Announcement Q3 2026 results – 26 November 2026
About CMB.TECH
CMB.TECH (all capitals) is one of the largest listed, diversified and future-proof maritime groups in the world with a combined fleet of about 235 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels and offshore energy 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 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.
This information is published in accordance with the requirements of the Continuing Obligations on Euronext Oslo Børs.
Attachment
