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Tankers and Gas Sale and Purchase Belgium

CMB.Tech cuts VLCC exposure further amid potential segment exit

  • CMB.Tech has disclosed the sale of two more very large crude carriers, with delivery to their new owner in the second quarter
  • Although the buyer was not officially named, broker sources indicate South Korean owner Sinokor is behind the purchase, having also acquired six VLCCs sold by CMB.Tech in January
  • The rapid sale of eight VLCCs could point to a strategic exit from the VLCC segment

  • News

Once the transactions are completed, CMB.Tech will have just two VLCCs in operation, alongside four VLCC newbuildings due for delivery this year from Qingdao Beihai Shipbuilding

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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