Browsing Tag
VLCC
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CMB.TECH NV Q2 profit reaches $364m as vessel sales and tanker rates reshape earnings
CMB.TECH reported $703.9 million of Q2 revenue and $364.4 million of profit as tanker and dry-bulk rates surged, while fleet sales contributed $127.5 million and another $231.4 million of gains are expected later in 2026.
Supertanker orders smash the 2008 record as the Iran war turns oil shipping into a boom
Tanker owners ordered a record 262 supertankers, topping the 2008 peak, as the Iran war shuts the Strait of Hormuz and sends VLCC rates to all-time highs near $424k/day.