2 million. The vessels sold are 2012-built, 314,000 dwt Ingrid and Ilma VLCCs.
The ships are scheduled to be delivered to their new owner in the second quarter of 2026. TECH said the capital gain, calculated based on the net sales price and book values of the vessels, will be recognized in the second quarter of 2026.
TECH as it continues to optimize its fleet and maximize value from its assets. The company's strategic decision to sell these vessels demonstrates its commitment to adapting to changing market conditions and focusing on long-term growth.
TECH is poised to generate substantial capital gains, which will be a major contributor to the company's overall financial performance in 2026. The sale of these VLCCs also underscores the growing demand for large crude carriers in the global market.
TECH must remain agile and responsive to changing market conditions to stay ahead of the curve. TECH is taking a proactive approach to managing its assets and positioning itself for future success.
The company's focus on fleet optimization and capital management will be crucial in driving long-term growth and profitability.
The sale of these VLCCs by CMB.TECH is a strategic move that demonstrates the company's ability to adapt to changing market conditions and maximize value from its assets. By selling these vessels, CMB.TECH is taking a proactive approach to managing its fleet and positioning itself for future success.
