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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting a fleet update strategy and the optimization of asset values, CMB.TECH has announced the sale of one of its Very Large Crude Carriers (VLCC). The company sold the vessel Donoussa, built in 2016 with a deadweight of 299,999 tons. This transaction is expected to generate a substantial capital gain of approximately $74.4 million upon the delivery of the vessel to its new owner.
This disposal aligns with the company's broader objective to refine its asset portfolio and realize gains from vessel sales. According to analyst reports, the anticipated capital gain will be recognized in the fourth quarter of 2026. CMB.TECH remains a major player in the maritime sector, operating a diversified fleet of roughly 250 vessels across various segments including crude oil, chemicals, and dry bulk.
Looking ahead, the vessel is scheduled for delivery in Q4 2026, which is expected to bolster the company's liquidity position. Investors should note that CMB.TECH is scheduled to announce its Q2 2026 results on August 27, 2026. Current price levels for CMBT are unavailable as of the August 3, 2026 market snapshot, making the upcoming earnings report a key catalyst for valuation clarity.