CMB.TECH Sells Suezmax Tanker Stella for $59.6 Million Q4 Gain
Maritime group CMB.TECH NV (CMBT) has completed the sale of its Suezmax tanker Stella to new owners. The transaction involving the 165,000 deadweight-ton vessel, built in 2011, will generate an estimated gain of approximately $59.6 million USD in the fourth quarter of 2026 based on net sale price and book values.
The disposal aligns with fleet adjustments across the Antwerp-based group's operations. CMB.TECH operates a diversified global maritime fleet of about 235 vessels across dry bulk, crude oil, chemical, container, and offshore energy sectors, while also supplying hydrogen and ammonia fuels.
Investors will look to the company's next financial update when CMB.TECH announces its third-quarter 2026 earnings on November 26, 2026. Following the announcement, shares of CMB.TECH traded up 0.85% at 18.90 EUR.
Key points
- CMB.TECH NV completed the sale and delivery of the Suezmax tanker Stella to its new owners.
- The sale of the 2011-built, 165,000 dwt vessel will generate an estimated Q4 2026 gain of about $59.6 million USD.
- CMB.TECH operates a global fleet of roughly 235 vessels alongside hydrogen and ammonia fuel operations.
- The company is scheduled to report its third-quarter 2026 financial results on November 26, 2026.
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How we writeDisclaimerQuestions and answers
How much gain will CMB.TECH generate from selling the Suezmax Stella?
The sale of the Suezmax Stella is expected to generate a gain of approximately $59.6 million USD in the fourth quarter of 2026.
When will CMB.TECH report its Q3 2026 earnings?
CMB.TECH is scheduled to publish its third-quarter 2026 financial results on November 26, 2026.
What are the details of the vessel sold by CMB.TECH?
The vessel sold is the Stella, a Suezmax crude oil tanker built in 2011 with a capacity of 165,000 deadweight tons.