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Investing.com -- CMB.TECH released a trading update showing Q3 and quarter-to-date Q4 rates across its vessel categories, along with information on recent vessel sales.
For Newcastlemaxes, the company reported rates of approximately $27,900 per day in Q3 and about $31,000 per day in the current quarter, compared to estimates of $28,500 and $33,000 respectively.
Capesize vessels achieved rates of approximately $20,600 in Q3 and $27,100 in the current quarter, below estimates of $22,000 and $28,000.
In the tanker segment, VLCC spot rates were approximately $28,700 in Q3 and $54,200 in the current quarter, compared to estimates of $32,700 and $41,700. Suezmax spot rates reached approximately $47,100 in Q3 and $49,300 in the current quarter, exceeding estimates of $40,300 and $41,700.
The company also announced the sale of an 18-year-old VLCC named Dalma in Q3, generating a capital gain of $26.7 million to be recorded in Q4. According to Clarksons, the vessel sold for $50 million, higher than the estimated $41.9 million.
Additionally, CMB.TECH sold a 16-year-old Capesize vessel, which will generate a capital gain of $2.4 million in Q4, though no price was disclosed.
In related industry news, peer company 2020 Bulkers reported Monday the sale of a Newcastlemax vessel for $72.75 million. This vessel is currently fixed on an index-linked time charter with premium plus scrubber.
CMB.TECH shares rose 2% following the update.
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