ENXTBR:CMBTOil and Gas
Is Cmb.Tech’s (ENXTBR:CMBT) Vessel Sale Windfall Recasting Its Capital Allocation Priorities?
CMB.TECH NV recently completed or scheduled the sale of eight vessels, including six VLCCs and two Capesize ships, generating approximately US$269.20 million in capital gains to help repay existing debt and refresh its fleet.
The company also plans to distribute half of the profit from these vessel sales, complementing its previously announced US$0.05 per-share dividend as part of a broader capital allocation approach.
Next, we’ll examine how using vessel-sale proceeds for debt reduction and...