DivestmentAug 11, 2026, 04:43 PM
CMB.TECH Sells Suezmax Vessel, Expects $56.9M Capital Gain in Q4 2026
AI Summary
CMB.TECH NV announced the sale of its Suezmax vessel, the Bristol (2024, 156,851 dwt). This divestment is projected to generate a capital gain of approximately $56.9 million for the company in the fourth quarter of 2026, with the vessel's delivery also scheduled for Q4 2026. The company also announced its Q2 2026 results will be released on August 27, 2026.
Key Highlights
- CMB.TECH sold one Suezmax vessel, named the Bristol.
- The vessel is a 2024 build with a deadweight tonnage of 156,851 dwt.
- The sale is projected to generate a capital gain of approximately $56.9 million.
- The capital gain and vessel delivery are both expected in the fourth quarter of 2026.
- CMB.TECH will announce its Q2 2026 results on August 27, 2026.
Price Impact
More from CMBT