CMB.TECH Expects Continued Strength In Seaborne Iron Ore Trade
CMB.TECH NV reported its unaudited financial results today for the second quarter ended 30 June 2026. HIGHLIGHTS Financial highlights: • Profit for the period of USD 364.4 million in Q2 2026. • EBITDA for the same period was USD 552.8 million. • CMB.TECH’s contract backlog stable at USD 3.26 billion with the addition of 2 ...
CMB.TECH anticipates sustained growth in the maritime iron ore trade market. For the second quarter of 2026, the company reported a profit of USD 364.4 million and an EBITDA of USD 552.8 million. The firm's contract backlog remained stable at USD 3.26 billion, bolstered by the addition of two two-year CSOV time charters and one one-year VLCC time charter.
CMB.TECH aims to distribute USD 0.64 per share, with USD 0.21 per share subject to withholding tax and USD 0.43 per share originating from the share premium, exempt from tax. The company anticipates additional gains from the sale of various ships, including VLCCs Ilma and Ingrid, Suezmax Sienna, and Suezmax Bristol. Market trends indicate strong demand for iron ore in Q2 2026, with the Baltic Dry Index showing higher year-on-year performance and spot earnings surpassing seasonal norms.
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