CMB.TECH announces the sale of two Suezmax vessels, Brest (2023, 156,851 DWT) and Brugge (2023, 156,851 DWT), resulting in an expected capital gain of approximately 100.5 million USD. The transaction is based on net sale price and book values and is expected to be recorded in Q3 2026. The vessels are scheduled for delivery to their new owner in Q3 2026.
The company intends to deploy the proceeds in line with its capital allocation strategy, supporting further investment in the continued growth and diversification of its maritime activities.
“Historically strong Suezmax valuations have created an opportunity to unlock value at an attractive point in the cycle. We will deploy those returns in line with our capital allocation strategy and invest in the continued growth of our diversified maritime group,” said Alexander Saverys, CEO of CMB.TECH.
Robban Assafina is now on WhatsApp channel. Click Here
