Cmb.Tech announced its second-quarter results on August 27, reporting a net profit of $364.4 million, revenue exceeding $700 million, and an EBITDA of $552 million. The company's management attributed this performance to historical shipping rates and timely asset sales. In the second quarter, Cmb.Tech generated $127 million from the sale of two VLCCs and one Suezmax tanker, and anticipates an additional $100 million and $130 million in gains from sales in the third and fourth quarters, respectively. Management noted that the value of second-hand VLCC and Suezmax tankers has surpassed their highest levels in the past decade. However, the company also faces challenges. CEO Alexander Saverys pointed out that the order book for VLCC and Suezmax tankers has exceeded 30% of the existing fleet. These new vessels are expected to be delivered between 2027 and 2028, by which time global seaborne crude oil flows are projected to decrease from 31 million barrels per day in January 2026 to 22.3 million barrels per day in June 2026.