CMB.TECH sells tanker for $59.6 million gain
- CMB.TECH (NYSE:CMBT) sold its Suezmax tanker Stella and delivered the vessel to new owners, expecting an approximately USD 59.6 million gain in the fourth quarter of 2026.
- The gain is based on the vessel’s net sale price and book value after completion of the transaction.
- CMB.TECH said it will report third-quarter 2026 results on November 26, 2026.
CMB.TECH (NYSE:CMBT) completed the sale of the Suezmax tanker Stella and transferred ownership of the vessel to its new buyers following the finalized transaction.
The company expects to recognize a gain of approximately USD 59.6 million in Q4 2026 based on the difference between the net sale proceeds and the vessel’s recorded book value.
Stella was built in 2011 and has a carrying capacity of 165,000 deadweight tonnes, making it a Suezmax-class tanker used for transporting crude oil.
The vessel sale forms part of CMB.TECH’s fleet and asset management activities, with the company scheduled to release its third-quarter 2026 results on November 26, 2026.
CMB.TECH operates maritime assets and develops low-carbon shipping solutions, with activities across vessels, marine technology, and energy transition initiatives.
