Saverys keeps cashing in on tanker values

Belgian shipping group CMB.TECH has continued to cash in on elevated tanker values, selling its fifth suezmax this year and locking in another $59.6m capital gain.

The Alexander Saverys-led company said it has already delivered the 2011-built, 165,000 dwt Stella to its new owner and will book the gain in the fourth quarter.

CMB.TECH did not disclose either … Menu Europe Tankers Saverys keeps cashing in on tanker values Adis Ajdin October 13, 2026 0 116 2 minutes read Belgian shipping group CMB.TECH has continued to cash in on elevated tanker values, selling its fifth suezmax this year and locking in another $59.6m capital gain.

The Alexander Saverys-led company said it has already delivered the 2011-built, 165,000 dwt Stella to its new owner and will book the gain in the fourth quarter.

CMB.TECH did not disclose either the buyer or sale price, but market sources have estimated the deal at at least $80m.

The numbers in CMB.TECH’s own accounts point to a similar level.

Stella and the 2007-built Sienna had a combined carrying value of $32.9m at the end of 2025.

Sienna subsequently sold for $41.9m, producing a $29.2m gain, implying a carrying value of around $12.7m and leaving roughly $20.2m attributable to Stella.

Adding the latest $59.6m gain suggests a net sale price close to $80m.

Market reports have also linked Stella to a one-year charter with Trafigura at around $120,000 per day following the sale, highlighting the earnings backdrop behind the sharp increase in secondhand values.

SEB analysts described the disposal as another positive step in CMB.TECH’s tanker divestment programme.

The bank carries Stella at about $85m and said that, given the strength of the secondhand market and the premiums achieved on earlier CMB.TECH sales, it would have been surprised to see the vessel change hands below that level.

Menu Europe Tankers Saverys keeps cashing in on tanker values Adis Ajdin October 13, 2026 0 358 2 minutes read Belgian shipping group CMB.TECH has continued to cash in on elevated tanker values, selling its fifth suezmax this year and locking in another $59.6m capital gain.

The Alexander Saverys-led company said it has already delivered the 2011-built, 165,000 dwt Stella to its new owner and will book the gain in the fourth quarter.

CMB.TECH did not disclose either the buyer or sale price, but market sources have estimated the deal at at least $80m.

The numbers in CMB.TECH’s own accounts point to a similar level.

Stella and the 2007-built Sienna had a combined carrying value of $32.9m at the end of 2025.

Sienna subsequently sold for $41.9m, producing a $29.2m gain, implying a carrying value of around $12.7m and leaving roughly $20.2m attributable to Stella.

Adding the latest $59.6m gain suggests a net sale price close to $80m.

Market reports have also linked Stella to a one-year charter with Trafigura at around $120,000 per day following the sale, highlighting the earnings backdrop behind the sharp increase in secondhand values.

SEB analysts described the disposal as another positive step in CMB.TECH’s tanker divestment programme.

The bank carries Stella at about $85m and said that, given the strength of the secondhand market and the premiums achieved on earlier CMB.TECH sales, it would have been surprised to see the vessel change hands below that level.