CMB.TECH NV, the Belgian maritime and cleantech group, has announced a strong performance in its latest trading update, covering the third quarter and the start of the fourth quarter of 2025. The company continued its fleet renewal strategy, securing $68.4 million in total capital gains from vessel sales while adding several newbuilds to its diversified fleet.
Fleet Expansion and Deliveries
During the period, CMB.TECH took delivery of five new vessels: the Mineral Slovensko and Mineral Slovenija (Eco-Newcastlemaxes), the chemical tanker Bochem Santos, the crew transfer vessel Windcat 58, and the commissioning service operation vessel Windcat Rotterdam. These additions align with the company’s strategy to enhance fleet efficiency and sustainability.
Vessel Sales and Capital Gains
Under its Euronav segment, the sale of the VLCC Dalma (built 2007, 306,543 dwt) is expected to generate a $26.7 million capital gain, with delivery set for Q4 2025. The Donoussa (built 2016, 299,999 dwt) had its time charter extended until October 2026.
Meanwhile, the VLCCs Hakata and Hakone (both built 2010) were delivered to new owners in Q3, generating a combined capital gain of $39.3 million.
Under Bocimar, CMB.TECH sold the capesize vessel Battersea (built 2009, 169,390 dwt), expected to contribute an additional $2.4 million in capital gains upon its delivery in Q4 2025.
Chartering and Market Performance
CMB.TECH reported strong chartering performance across segments.
-
Dry Bulk: Q4-to-date average TCEs stood at $30,954/day for Newcastlemax, $27,084/day for Capesize, and $15,814/day for Panamax/Kamsarmax vessels.
-
Tankers: Spot rates averaged $54,206/day for VLCCs in the TI Pool and $49,249/day for Suezmax vessels.
-
Offshore Wind: CSOVs achieved an average Q4 TCE of $120,331/day, while CTVs earned $2,971/day.
Company Overview
Headquartered in Antwerp, CMB.TECH operates a fleet of around 250 vessels across dry bulk, tanker, chemical, container, and offshore wind sectors. Beyond shipping, it develops and supplies hydrogen and ammonia-based marine fuels as part of its commitment to decarbonization.
Its subsidiaries include:
-
Euronav NV: Focused on crude oil transportation through VLCC and Suezmax vessels, operating in both spot and time charter markets.
-
Bocimar International NV: Active in the dry bulk market, operating a fleet of Capesize, Newcastlemax, and Panamax vessels transporting key commodities such as iron ore, coal, and grain.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Port News
