CMB.Tech Nets $98.2M Gain from Sale of Two 314,000 dwt VLCCs
CMB.Tech sold two 2012-built VLCCs, Ingrid and Ilma (each 314,000 dwt), realizing a $98.2 million capital gain in Q2 2026. The vessels will transfer to their new owner during Q2 2026 as the company adjusts its roughly 250-ship fleet composition.
1. Details of Vessel Sales
CMB.Tech has agreed to sell two very large crude carriers, Ingrid and Ilma, both built in 2012 and rated at 314,000 deadweight tonnage. Based on net sales price versus book values, the disposals generate an aggregate capital gain of approximately $98.2 million, to be recognized in the second quarter of 2026.
2. Financial Impact
Recognition of the $98.2 million gain will boost Q2 2026 operating profit and is expected to enhance earnings per share for the period. The one-off gain provides a temporary inflow that could support liquidity, debt reduction or reinvestment without relying on charter revenues or new financing.
3. Fleet Strategy and Outlook
The two VLCCs will be delivered to their new owner in Q2 2026, reducing CMB.Tech’s fleet of about 250 vessels by two crude tankers. Management views the sale as part of an ongoing fleet optimization strategy to allocate capital toward higher-return segments such as chemical tankers, offshore wind support and green fuel initiatives.