PRESS RELEASE: CMB.TECH trading update
MWN-AI** Summary
CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT, Euronext Oslo Børs: CMBTO) provided a significant trading update on October 20, 2025, highlighting ongoing developments in its fleet rejuvenation strategy. During Q3 and the beginning of Q4, CMB.TECH executed the sale of two older vessels and received delivery of five newbuild vessels, demonstrating a clear commitment to modernizing its fleet.
In fleet updates, the company announced the delivery of two Eco-Newcastlemax vessels, "Mineral Slovensko" and "Mineral Slovenija," along with other vessels, including a chemical tanker and offshore support vessels. Notably, the sale of the VLCC Dalma (2007, 306,543 dwt) is expected to generate a capital gain of $26.7 million, with delivery occurring in Q4 2025. The firm also extended the time charter for the VLCC Donoussa, now running until October 2026.
Financially, CMB.TECH reported robust estimated time charter equivalent (TCE) earnings across various vessel categories for Q3 2025 and early Q4 2025, showcasing increased average daily TCE rates for dry bulk vessels, tankers, and offshore wind vessels when compared to prior periods.
As a leading maritime group, CMB.TECH operates a diverse fleet of approximately 250 vessels. The company is engaged in providing future-oriented solutions, including hydrogen and ammonia fuel. Headquartered in Antwerp, Belgium, it is well-positioned with a presence across Europe, Asia, the U.S., and Africa.
CMB.TECH's press release served as a reminder of its strategic efforts to enhance operational efficiency while addressing market demands. However, it included forward-looking statements, cautioning investors about the inherent uncertainties and potential market fluctuations. For more information, interested parties are directed to visit their website at https://cmb.tech.
MWN-AI** Analysis
CMB.TECH’s recent trading update showcases a positive trajectory in its fleet rejuvenation strategy, underpinned by significant capital gains from vessel sales and a noteworthy increase in average time charter equivalent (TCE) rates across various vessel classes. The company’s decision to sell older vessels while taking delivery of modern eco-vessels positions it favorably in a competitive maritime market that increasingly values sustainability and efficiency.
The sale of the VLCC Dalma for a capital gain of $26.7 million, alongside other profitable vessel sales, underscores CMB.TECH's ability to capitalize on asset values in a buoyant market. Additionally, the stellar rise in average daily TCE rates—especially for Newcastlemax and Capesize bulk carriers—reflects the prevailing favorable market conditions. For instance, the Newcastlemax average rate surged to $30,954, marking a substantial increase of 61.6% from the previous quarter, indicating strong demand dynamics in the dry bulk sector.
However, while current performance appears robust, potential investors should remain cognizant of inherent market risks. The volatility in charter rates, fluctuations in operating expenses, and geopolitical uncertainties can impact future profitability. Moreover, as CMB.TECH expands its fleet, there’s the additional risk of operational integration and the maintenance of high standards of service.
From a strategic investment perspective, CMB.TECH seems well-positioned to leverage the growth in offshore wind and chemical tanker markets, evidenced by recent charter rate improvements. This diversification may provide a buffer against downturns in specific segments. For investors looking for potential growth, the company’s commitment to sustainability and innovative fuel solutions aligns with global energy transitions.
In conclusion, CMB.TECH presents a compelling investment opportunity, but prospective investors should conduct thorough due diligence to navigate the market’s inherent uncertainties. Monitoring macroeconomic conditions and industry trends will be pivotal in assessing investment viability.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Antwerp, Oct. 20, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs : CMBTO) (“CMB.TECH”) provides a market update. During Q3 and Q4 to date, CMB.TECH has continued its fleet rejuvenation strategy with the sale of t wo older vessels and the delivery of five newbuild vessels .
Fleet update
Deliveries
CMB.TECH took delivery of 5 newbuilding vessels in Q3 and Q4 to date:
- Eco-Newcastlemaxes: Mineral Slovensko and Mineral Slovenija
- Chemical tanker: Bochem Santos
- CTV: Windcat 58
- CSOV: Windcat Rotterdam
Sales & TC updates
Euronav
CMB.TECH has sold the VLCC Dalma (2007, 306,543 dwt). The sale will generate a capital gain of 26.7 million USD. The vessel will be delivered to its new owner during Q4 2025.
The time charter of the VLCC Donoussa (2016, 299,999 dwt) is extended for another 11 months, until October 2026.
Hakata (2010, 302,550 dwt) & Hakone (2010, 302,624 dwt) were delivered to their new owners in Q3 2025, generating a total capital gain of approx. 39.3 million USD in Q3 2025.
Bocimar
CMB.TECH has sold the capesize Battersea (2009, 169.390 dwt). The sale will generate a total capital gain of 2.4 million USD. The vessel will be delivered to its new owner during Q4 2025.
Estimated time charter equivalent earnings (TCE)
The estimated average daily time charter equivalent rates (TCE, a non IFRS-measure) can be summarised as follows:
| Q3 2025 | Quarter-to-Date Q4 2025 | ||
| USD/day | USD/day | % | |
| DRY BULK VESSELS | |||
| Newcastlemax Average rate(1)(2) | 27 , 872 | 30 , 954 | 61 . 6% |
| Capesize Average rate(1)(2) | 20 , 577 | 27 , 084 | 50 . 0% |
| Panamax/Kamsarmax Average rate(1)(2) | 13 , 437 | 15 , 814 | 56 . 0% |
| TANKERS | |||
| VLCC Average spot rate (in TI Pool)(3) | 28,715 | 54 , 206 | 30 . 0% |
| VLCC Average time charter rate(4) | 45,725 | ||
| Suezmax Average spot rate(1) (4) | 47,104 | 49 , 249 | 34 . 0% |
| Suezmax Average time charter rate | 33,455 | ||
| CONTAINER VESSELS | |||
| Average time charter rate | 29 , 378 | ||
| CHEMICAL TANKERS | |||
| Average spot rate | 20 , 758 | ||
| Average time charter rate | 19 , 306 | ||
| OFF-SHORE WIND | |||
| CSOV Average time charter rate | 27 , 272 | 120 , 331 | 83 . 7% |
| CTV Average time charter rate | 3 , 470 | 2 , 971 | 79 . 3% |
(1) Reporting load-to-discharge, in line with IFRS 15
(2) Spot and TC rates combined
(3) CMB.TECH owned ships in TI Pool or Stolt Pool (excluding technical off hire days)
(4) Including profit share where applicable
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.
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Katrien HenninCMB.TECH+32 499393470katrien.hennin@cmb.techJoris DamanCMB.TECHjoris.daman@cmb.tech
FAQ**
How does CMB.TECH NV CMBT plan to utilize the capital gains from the recent sales of older vessels to enhance its fleet rejuvenation strategy further in the upcoming quarters?
Given the increase in average daily time charter equivalent rates for VLCCs, what strategies is CMB.TECH NV CMBT implementing to capitalize on this trend and maximize revenue from its fleet?
With CMB.TECH NV CMBT taking delivery of five new vessels, how does the company plan to integrate these ships into its existing operations to ensure optimal efficiency and profitability?
What are the potential risks and market conditions that CMB.TECH NV CMBT foresees impacting its future performance, particularly in relation to changes in demand for tanker vessel capacity?
**MWN-AI FAQ is based on asking OpenAI questions about CMB.TECH NV (NYSE: CMBT).
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