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07 Nov 2024

CMB Tech Eyes India, Ship Disposals as Q3 Results Shine

VLCC Alongside Rotterdam (c) Corlaffra / Adobestock

Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results above market expectations on Thursday, boosted by vessel disposals as it diversifies its fleet.After last year's Euronav-Compagnie Maritime Belge takeover, the group shifted strategy by selling 24 tankers to Frontline and acquiring CMB.Tech's fleet. It now operates a diversified fleet of around 160 vessels, including dry bulk, container, and chemical tankersā€¦

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