CMB.TECH NV is a Belgian marine transportation company operating through three divisions: Marine, H2 Infra, and H2 Industry. The Marine division designs, builds, owns, and operates low- and zero-carbon ships and vessels, including crew transfer vessels, ferries, commissioning service operation vessels, tugboats, ammonia-powered bulk carriers, container ships, and chemical and crude oil tankers. The H2 Infra division develops and secures green molecule supplies and produces and distributes green hydrogen and ammonia, while the H2 Industry division provides scalable dual-fuel industrial applications. Formerly known as Euronav NV, the company changed its name to CMB.TECH NV in October 2024; it was founded in 1989, is headquartered in Antwerp, Belgium, and is a subsidiary of CMB NV.
Cmb.Tech Posts Strong Q2 Profit as It Sells Fleet at Cyclical Peak
Cmb.Tech NV reported a $364.4 million net profit for the second quarter, with revenue above $700 million and EBITDA of $552 million, driven by historic shipping rates and well-timed asset sales. The company booked a $127 million gain from selling two VLCCs and one Suezmax, and expects further gains of $100 million in the third quarter and $130 million in the fourth. Management is selling older vessels because secondhand tanker prices are above their 10-year maximums, while the dry bulk segment benefits from African iron ore exports, led by Simandou in Guinea, which could add 7% to Capesize ton miles. The fleet averages under six years old, with a $3.3 billion contract backlog, and the company projects 2027 operational cash flow of $700 million to $1 billion. However, the tanker order book for VLCCs and Suezmaxes has climbed above 30% of the existing fleet, with deliveries concentrated in 2027 and 2028, while global seaborne crude flows have already fallen from 31 million barrels a day in January 2026 to 22.3 million by June. Hedge fund ownership rose to 29 funds from 24, and the stock trades at a forward P/E of 16.34 as of August 27.
Cmb.Tech NV reported second-quarter GAAP earnings per share of $1.26, beating estimates by $0.01, while revenue surged 81.5% year-over-year to $703.94 million, surpassing expectations by $125.01 million. EBITDA for the period reached $552.8 million. The company's contract backlog remained stable at $3.26 billion, with the addition of two two-year CSOV time charters and one one-year VLCC time charter. Cmb.Tech also announced its intention to distribute $0.64 per share.
CMB.TECH Reports Q2 2026 Profit of USD 364.4 Million
CMB.TECH NV reported a net profit of USD 364.4 million for the second quarter of 2026, up from USD 7.8 million in the same period last year, with EBITDA reaching USD 552.8 million. The company's contract backlog remained stable at USD 3.26 billion, and it intends to distribute USD 0.64 per share. During the quarter, CMB.TECH delivered nine newbuildings, including Newcastlemaxes, VLCCs, Suezmaxes, a CSOV, and a CTV, and signed a milestone agreement with Fortescue for the charter of up to 12 ammonia-powered Newcastlemax vessels. The company also completed sales of two VLCCs and one Suezmax, generating gains of USD 98.2 million and USD 29.2 million respectively, with additional vessel sales expected to contribute gains in Q3 and Q4 2026. CEO Alexander Saverys attributed the strong results to continued strength in tanker and dry bulk markets and strategic diversification.
CMBT · Capital · Positive CMB.TECH reported Q2 2026 net profit of USD 364.4 million, up sharply from USD 7.8 million a year earlier, with EBITDA of USD 552.8 million and a USD 0.64 per share distribution.
CMBT · Demand · Positive Signed a milestone agreement with Fortescue to charter up to 12 ammonia-powered Newcastlemax vessels, adding to a stable USD 3.26 billion contract backlog.
Fortescue Ltd · Demand · Positive Signed milestone agreement with CMB.TECH for charter of up to 12 ammonia-powered Newcastlemax vessels, indicating demand for green shipping.
Cmb.Tech NV is scheduled to announce its Q2 earnings results on Thursday, August 27th, before market open. The consensus EPS estimate is $0.80, representing a 2100.0% year-over-year increase, while the consensus revenue estimate is $578.93 million, up 49.3% year-over-year. Over the past year, the company has beaten EPS estimates 75% of the time and revenue estimates 50% of the time. In the last three months, EPS estimates have seen one upward revision and zero downward, while revenue estimates have seen two upward revisions and zero downward.
Trump proposes 20% fee on Hormuz transit, drawing IMO rebuke
President Trump declared the U.S. would act as the 'Guardian of the Hormuz Strait' and charge a 20% fee on all transiting cargo to cover security costs, prompting the International Maritime Organization to state there is no legal basis for mandatory tolls to transit a strait. The announcement follows escalating clashes in which Iran has targeted commercial vessels and vowed to impose its own fees for passage, while the U.S. has conducted airstrikes against Iranian installations. The IMO, the U.N. body overseeing global shipping safety, clarified that freedom of navigation is guaranteed under customary international law, which the U.S. has historically recognized. The proposed fee marks a shift toward transactional foreign policy, raising concerns that allies may seek alternative security arrangements and that other powers could assert similar claims in contested waterways.
BRENT · Geopolitics · Positive Proposed 20% fee on Hormuz transit and escalating Iran tensions threaten supply through a key chokepoint, supporting oil prices.
ECO · Geopolitics · Positive Proposed 20% fee on Hormuz transit increases shipping costs and risks, benefiting tanker owners like Okeanis through higher freight rates.
GNK · Geopolitics · Positive Disruption and potential tolls in Hormuz Strait boost demand for dry bulk shipping as alternative routes or stockpiling increase, benefiting Genco.
HAFN · Geopolitics · Positive Hafnia, as a product tanker operator, stands to gain from higher freight rates due to increased risk and potential rerouting in the Strait of Hormuz.
HSHP · Geopolitics · Positive Himalaya Shipping, a dry bulk carrier, benefits from potential supply chain disruptions and increased ton-mile demand from Hormuz instability.
IMPP · Geopolitics · Positive Imperial Petroleum, as a tanker operator, gains from higher shipping rates and increased demand for its vessels due to Hormuz transit fee and tensions.
CMB.TECH sells two Suezmaxes for 100.5 million USD capital gain
CMB.TECH has sold two Suezmax vessels, the Brest and the Brugge, both built in 2023 with a deadweight tonnage of 156,851 each, generating a capital gain of approximately 100.5 million US dollars. The gain will be recorded in the third quarter of 2026, based on the net sale price and book values, with delivery to the new owner also scheduled for that quarter. CEO Alexander Saverys said historically strong Suezmax valuations created an opportunity to unlock value at an attractive point in the cycle, and the returns will be deployed in line with the company's capital allocation strategy to invest in the continued growth of its diversified maritime group. CMB.TECH is one of the world's largest listed diversified maritime groups with a combined fleet of about 250 vessels across dry bulk, crude oil tankers, chemical tankers, container vessels, and offshore energy vessels.
Fortescue and CMB.TECH sign charter deal for up to 12 ammonia-capable bulkers
Fortescue and CMB.TECH have signed a milestone agreement for the charter of up to 12 ammonia-capable Newcastlemax vessels from Bocimar, the dry bulk division of CMB.TECH. Up to three of the 210,000-dwt vessels will be delivered with dual-fuel ammonia engines and are expected to enter service by the end of 2026, while the remaining nine will be ammonia-ready and can be converted later. If fuelled by green ammonia, the combined fleet could cut carbon dioxide emissions by approximately 250,000 tonnes a year compared with conventional marine fuels. Fortescue Director Integrated Operations Katie Charuga said the deal represents a practical step towards scaling green ammonia in shipping, building on the company's Green Pioneer demonstration vessel. CMB.TECH CEO Alexander Saverys called the agreement a powerful signal that the sector can decarbonise at scale with determined partners.
Electrification & Mobility › Commercial & Heavy-Duty Electric Vehicles ▲Demand
Energy Transition & Power Demand › Hydrogen & Fuel Cells ▲Demand
CMBT · Demand · Positive Bocimar, the dry bulk division of CMB.TECH, charters up to 12 ammonia-capable vessels to Fortescue, generating revenue and showcasing its dual-fuel technology.
Fortescue Ltd · Technology · Positive Fortescue advances its green ammonia shipping strategy by chartering ammonia-capable vessels, building on its Green Pioneer demonstration vessel.
United States
