CMB Tech sells off two 2023-built Suezmax tankers for $100.5m

"Historically strong Suezmax valuations have created an opportunity to unlock value at an attractive point in the cycle," explained CMB Tech Chief Executive Officer Alexander Saverys.

He added that the business intends to deploy the transaction returns to support its capital allocation strategy and fund the continued growth of the group.

The company noted it operates a combined fleet of about 250 vessels, which includes crude oil tankers, dry bulk carriers, chemical tankers, container vessels, and offshore energy ships.