CMB Tech has posted its unaudited financial results for the three months ended June 30, 2026.
The company posted net profit of US$364.4 million in Q2 2026 (US$7.8 million in Q2 2025) while gross operating profit totalled US$552.8 million (US$224.1 million).
The company's current backlog is stable at US$3.26 billion with the addition of a two two-year commissioning service operation vessel (CSOV) time charters and a one-year very large crude carrier (VLCC) time charter.
Since the beginning of Q2 2026, CMB Tech took delivery of nine newbuild vessels including four Newcastlemax bulk carriers, a Suezmax tanker, a VLCC, a CSOV, and a crewboat.
CMB Tech and Fortescue have also entered into an agreement for the charter of up to 12 ammonia-powered Newcastlemax vessels of 210,000 DWT each.
The company also finalised the previously announced sales of two VLCCs and a Suezmax tanker, which generated proceeds totalling US$127.4 million. The sales of a VLCC and three Suezmax tankers are meanwhile expected to generate US$231.4 million by Q4 2026 based on net sale prices and book values.
"CMB Tech achieved excellent results in the second quarter of 2026, supported by continued strength in tanker and dry bulk markets," said Alexander Saverys, CEO of CMB Tech.
"We continue... building on the important 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."
