On 27 August, CMB.TECH reported unaudited financial results for the second quarter ended 30 June 2026, posting record profitability driven by robust tanker and dry bulk markets.
The company posted a net profit of USD 364.4 million for Q2 2026, or USD 1.26 per share, a dramatic increase from USD 7.8 million (USD 0.04 per share) in the same period last year. EBITDA reached USD 552.8 million, up from USD 224.1 million in Q2 2025.
During the quarter, CMB.TECH signed a landmark charter agreement with Fortescue for up to 12 ammonia-powered Newcastlemax vessels (210,000 dwt), reinforcing its commitment to future-proof, low-carbon shipping solutions.
The company also continued to capitalise on strong secondhand asset values through a series of vessel sales. The previously announced disposals of VLCCs Ilma (2012, 314,000 dwt) and Ingrid (2012, 314,000 dwt) generated a gain of USD 98.2 million in Q2 2026, while the sale of Suezmax Sienna (2007, 150,205 dwt) contributed an additional USD 29.2 million.
Subsequent sales include VLCC Donoussa (2016, 299,999 dwt), which is expected to yield a gain of approximately USD 74.3 million in Q4 2026, and three Suezmaxes—Brest (2023), Brugge (2023) and Bristol (2024)—which together are projected to generate combined gains of USD 100.2 million in Q3 2026 and USD 56.9 million in Q4 2026.
Commenting on the results, Alexander Saverys, CEO of CMB.TECH, said: “CMB.TECH achieved excellent results in the second quarter, supported by continued strength in tanker and dry bulk markets. We continue to make hay while the sun shines, building on the strategic decisions taken over the past three years: diversifying beyond tankers, acquiring Golden Ocean, and investing in a future-proof newbuilding programme. While uncertainties remain around global trade, geopolitical tensions and the tanker orderbook, CMB.TECH is well positioned to navigate changing market conditions and to continue creating long-term value.”